Wertz Book Binding Corp. has recently hired you to work in the accounting department. An old machine plus $340 was exchanged for a new machine from Paper Pages Inc. Assume the following information about the machines: Wertz Book Binding (old Machine) Paper Pages Inc. (new Machine) $270 Machine Cost $290 140 0 Accumulated depreciation Fair Value 85 425 REQUIRED Assuming this transaction has commercial substance, prepare the needed journal entry for each company to record this exchange. (Each is worth 4 points)