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On August 1, Crane, Inc exchanged productive assets with Cheyenne, Inc, Crane's asset is referred to belowas Asset A, and Cheyenne' is referred to as

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On August 1, Crane, Inc exchanged productive assets with Cheyenne, Inc, Crane's asset is referred to belowas "Asset A," and Cheyenne' is referred to as "Asset B." The following facts pertain to these assets. Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Crane, Inc and Cheyenne, Inc in accordance with generally accepted accounting principles, (Do not round intermediote colculotions Round final answer to 0 decimel places eg.58,971. Credit account tities are dutomotically indented when amount is entered. Do not indent manully. If no entry ls required, select "No Entry" for the account tites and enter O for the amounts)

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