Marin Limited owns a number of rental properties in Western Canada as well as a single property in Ontario. Management has decided to concentrate its business in the west and to dispose of its one property outside this area. Marin agrees to exchange its Ontario property for a similar commercial property outside Lethbridge, Alberta, owned by Metlock Limited, a company with most of its properties east of Manitoba. The two properties are almost identical in size, rentals, and operating costs. Metlock agrees to the exchange but requires a cash payment of $38,000 from Marin to balance and complete the transaction. Further information about these two properties is provided below: Assume an evaluation by both Marin and Metlock management shows that there is an insignificant difference in the configuration of future cash flows and that commercial substance is not indicated. What entry would be made by each company to record this asset exchange? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.)