3. On August 1, Sage, Inc. exchanged productive assets with Pronghom, Inc. Sage's asset is referred to below as "Asset A," and Pronghorn' is referred to as "Asset B. The following facts pertain to these assets. (12 pts) Asset A Asset B $122,880 $140,800 Original cost Accumulated depreciation51,200 60,160 (to date of exchange) Fair value at date of exchange Cash paid by Sage, Inc.19,200 Cash received by Pronghorn, Inc 76,80096,000 19,200 Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Sage, Inc. and Pronghorn, Inc. in accordance with accepted accounting principles. a. b. Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Sage, Inc. and Pronghorn, Inc. in accordance with generally accepted accounting principles