Hodge Co. exchanged Building 24 which has an appraised value of $4,917,000, a cost of $7,642,000, and accumulated depreciation of $3,526,000 for Building M belonging to Fine Co. Building M has an appraised value of $4,543,000, a cost of $9,050,000, and accumulated depreciation of $4,718,000. The correct amount of cash was also paid. Assume depreciation has already been updated. Prepare the entries on both companies' books assuming the exchange had no commercial substance.