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Sunland Company exchanged machinery with an appraised value of $3,536,500, a recorded cost of $5,375,000 and accumulated depreciation of $2,687,500 with Bramble Corporation for machinery

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Sunland Company exchanged machinery with an appraised value of $3,536,500, a recorded cost of $5,375,000 and accumulated depreciation of $2,687,500 with Bramble Corporation for machinery Bramble owns. The machinery has an appraised value of $3,316,000, a recorded cost of $6,300,000, and accumulated depreciation of $3,465,000. Bramble also gave Sunland $220,500 in t exchange. Assume depreciation has already been updated. (a) Prepare the entries on both companies' books assuming that the exchange had commercial substance. (Credit account tittes are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries. Record journal entries in the order presented in the problem.) Account Titles and Explanation Debit Credit Bramble Account Titles and Explanation Debit Credit

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