The Doris Company traded a tract of land to Rick’s Real Estate for a similar tract of land with no significant effect on future cash flows. The old land had a carrying value of $ 6,500,000. The land was appraised for $ 9,000,000. As part of the exchange, Doris paid $ 3,500,000 in cash. Prepare the journal entry to record the land exchange on the books of Doris Company.