Larkspur Limited owns a number of rental properties in Western Canada as well as a single property in Ontario. Manazement has decided to concentrate its business in the west and to dispose of its one property outside this area. Larkspur agrees to exchange its Ontario property for a similar commercial property outside Lethbridze. Alberta, owned by Marin Limited, a company with most of its properties east of Manitobs. The two properties are almost identical in size, rentals, and operating costs. Marin agrees to the exchange but requires a cash payment of $33,000 from Larkspur to balance and complete the transaction. Further intormation about these two properties is provided below: Larkspur Limited owns a number of rental properties in Western Canada as well as a single property in Ontario. Manazement has decided to concentrate its business in the west and to dispose of its one property outside this area. Larkspur agrees to exchange its Ontario property for a similar commercial property outside Lethbridze. Alberta, owned by Marin Limited, a company with most of its properties east of Manitobs. The two properties are almost identical in size, rentals, and operating costs. Marin agrees to the exchange but requires a cash payment of $33,000 from Larkspur to balance and complete the transaction. Further intormation about these two properties is provided below