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

Asset A. Asset B

Original cost $132,480 $151,800

Accumulated depreciation (to date of exchange) 55,200 64,860

Fair value at date of exchange 82,800 103,500

Cash paid by Flounder, Inc. 20,700

Cash received by Culver, Inc. 20,700

Assuming that the exchange of Assets A and B lacks commercial substance, record the exchange for both Flounder, Inc. and Culver, 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 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 0 for the amounts.)