Williams Company exchanged machinery with Ecklor Company. Immediately before the exchange, Williams machine had an appraised value of $1,950, an original cost of $2,700, and accumulated depreciation of $1,350. Immediately before the exchange, Ecklors machine had an appraised value of $1,800, an original cost of $3,240, and accumulated depreciation of $1,782. Ecklor also gave Williams $150 cash as part of the exchange. Show your work. Instructions 1. Prepare the general journal entries on both companies books assuming that the exchange will result in different future cash flows (i.e. it has commercial substance). 2. Prepare the general journal entries on both companies books assuming that the exchange will not change future cash flows (i.e. it lacks commercial substance)