Testbank Problem 146 (Part Level Submission) Sheffield Company exchanged machinery with an appraised value of $3,538,000, a recorded cost of $5,434,000 and accumulated depreciation of $2,717,000 with Brenda Corporation for machinery Brenda owns. The machinery has an appraised value of $3,380,500, a recorded cost of $6,410,000, and accumulated depreciation of $3,525,500. Brenda also gave Sheffield $157,500 in the exchange. Assume depreciation has already been updated (a) Prepare the entries on both companies' books assuming that the exchange had commercial substance. (Credit account titles are automatically indented when the amount is entered. Do now indent manually.) Sheffield Account Tities and Explanation Debit Credit Brenda Account Titles and Explanation Debit Credit