On August 1, Culver, Inc. exchanged productive assets with Larkspur, Inc. Culver's asset is referred to below as "Asset A," and Larkspur' is referred to as "Asset B." The following facts pertain to these assets.

asset A asset B

Original cost 120,960 138,600

Accumulated depreciation (to date of exchange) 50,400 59,220

Fair value at date of exchange 75,600 94,500

Cash paid by Culver, Inc. 18,900 0

Cash received by Larkspur, Inc. 0 18,900

Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Culver, Inc. and Larkspur, Inc. in accordance with generally accepted accounting principles