On January 1, Year 1, Melvin Corporation promises to Unconditionally transfer a building that cost $100,000(appraised recently at$ 300,000)to the Vivian Comp on Jan 1, Year 2 for a boat she bought for $250,000. As of 12/31 Year 2, Melvin still has not transferred title to the building although it received title to the boat. How should Vivian and Melvin record these transactions? Briefy restate the facts of the case. Identify the issue. State the issue in the form of a research question. Give a short answer to the issue. Cite the ASC authority for your answer. Explain the authority and apply it to the facts to discuss your reasoning to arrive at the answer.