On August 1, Coronado, Inc. exchanged productive assets with Whispering, Inc. Coronados asset is referred to below as Asset A, and Whispering is referred to as Asset B. The following facts pertain to these assets.

		Asset A		Asset B
Original cost		$115,200		$132,000
Accumulated depreciation (to date of exchange)		48,000		56,400
Fair value at date of exchange		72,000		90,000
Cash paid by Coronado, Inc.		18,000
Cash received by Whispering, Inc.				18,000

Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Coronado, Inc. and Whispering, Inc. in accordance with generally accepted accounting principles. (Round answers to o decimal places, e.g. 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 o for the amounts.) Debit Credit Account Titles and Explanation Coronado, Inc.'s Books . Whispering, Inc.'s Books LINK TO TEXT Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Coronado, Inc. and Whispering, Inc. in accordance with generally accepted accounting principles. (Round intermediate calculations to 5 decimal places, e.g. 1.25124 and final answer to 0 decimal places e.g. 58,971. Credit account tities 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.) Debit Credit Account Titles and Explanation Coronado, Inc.'s Books