On January 1, year 1, Miller Corporation promises to "unconditionally" transfer a building that cost

$100,000 (appraised recently at $300,000) to Valerie Company on January 1, year 2 for a boat she

bought for $250,000.As of December 31, year 2, Miller still has not transferred title to the building,

although it received title to the boat.How should Valerie and Miller record these transactions?

8. Prepare a PowerPoint Presentation communicating your case facts, authoritative literature, recommendations, and conclusion. Please use the Notes section of the PowerPoint to communicate what you would be communicating verbally.