Hodge Co$.$ exchanged Building $24,$ which has an appraised value of $$6,400,000,$ a cost of $$10,120,000,$ and accumulated depreciation of $$4,800,000$ for Building M belonging to Fine Co$.$ Building M has an appraised value of $$6,016,000,$ a cost of $$12,040,000,$ and accumulated depreciation of $$6,336,000.$ $$384,000$ in cash was also paid. Assume depreciation has already been updated.

Prepare the entries on Hodge Co$.$s books assuming the exchange had no commercial substance.