LACKS COMMERCIAL SUBSTANCE

On August 1, Coronado, Inc, exchanged productive assets with Whispering, Inc, Coronado's asset is referred to below as "Asset A, and Whispering' is referred to as "Asset B;" The following facts pertain to these assets. Accumulated Depreciation - Machinery (A) 49600 Machinery (B) Cash Machinery (A) 119040 Whispering, Inci's Books Accumulated Depreciation - Machinery (B) Machinery (A) 74400 Cash 18600 Gain on Disposal of Machinery Machinery (B)