Apply the innershadow layer effect to both images. These are the only setting you need to change. Make a rectangular selection like I have and stroke it from top to bottom with my rubber gradient. We'll call this the rubber shaft. Select a small piece from the metal shaft layer and copy and paste it on a new layer above the rubber shaft piece we just made.
Press enter Now, move the piece under the rubber shaft layer.
Make a selection on the rubber shaft layer and copy and paste it to a new layer. Make a duplicate of this layer. Scale the duplicate on this layer down using perspective as in the last step. Make a thin rectangular selection and cut pieces from the left piece of the image above as I have. The left piece should look like this now.