On August 1, Ayayai, Inc. exchanged productive assets with Pina, Inc. Ayayai's asset is referred to below as Asset A," and Pina' is referred to as Asset B. The following facts pertain to these assets. Original cost Accumulated depreciation (to date of exchange) Fair value at date of exchange Cash paid by Ayayai, Inc. Cash received by Pina, Inc. Asset A Asset B $99,840 $114,400 41,600 48,880 62,400 78,000 15,600 15,600 - Your answer is partially correct. nominathotthobenenenotenendoheemminbetonwendthewchef both w ine and dininindonewithce n tudentinininh Dondente Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Ayayai, Inc and Pina, Inc. in accordance with generally accepted accounting principles. (Round answers to O decimal places, eg 5,275. 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 for the amounts.) Debit Credit Account Titles and Explanation Ayayai. Inc.'s Books Aucurulated Depreciation Machinery Al 78000 Machinery (B) 41600 Gain on Disposal of Machinery 99840 Cash 15600 Machi 4] 41600 Pina, Inc's Books Accumulatori Depreciation Machinery!) 62400 Cash 15600 Machinery IA 48880 Machinery (B) 12480 Gain on Disposal of Machinery 124000 Assuming that the exchange at Assets A and Blacks commercial substance, record the exchange for both Ayayai, Inc. and Pina, Inc. in accordance with generally accepted accounting principles. (Round intermediate calculations to 5 decimal places, eg. 1.25124 and final answer to decimal places eg. 58,971. 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 for the amounts.) Debit Credit Account Titles and Explanation Ayayal, Inc.'s Books Accumulated Depreciation Machinery IA) 73840 Machinery IB 41600 Cash 99840 Machincry IAI 15600 Pina, Inc.'s Books Accumulated Depreciation Machinery!B) 52416 Machinery IA 15600 Cash 4 Machinery 1B) 114000 Gain on Disposal of Machinery 2096