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Please write all the steps you did to find the answer! ...

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Accounting

Please write all the steps you did to find the answer!
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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 $ unland $220,500 in the exchange. Assume depreciation has already been updated. Prepare the entries on both companies' books assuming that the exchange lacked commercial substance. (Credit account titles 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 O for the amounts. List all debit entries before credit entries. Record joumal entries in the order presented in the problem. Round answers to 0 decimal places, es. 12,515.)

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