Flint Limited owns 90% of Carla Vista Inc. During 2023, Flint acquired a machine from Carla Vista in exchange for its own used machine. Both companies are in the tool-making business. The agreed exchange amount is $1,100, although the transaction is nonmonetary. Carla Vista has an original cost of $6,000 and carries its machine on its books at a carrying amount of $760, whereas Flint has an original cost of $7,000 and carries its machine on its books at a carrying amount of $960. Neither company has a balance in the Contributed Surplus account relating to previous related-party transactions. Both Flint and Carla Vista follow ASPE. Using the related party decision tree and answer the following. (a) Prepare the journal entries to record the exchange for both Flint and Carla Vista under the assumption that the transaction is not in the normal course of operations for either company, and the transaction has commercial substance. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.)