please help with back ground and assumptions regarding the case...a problem statement and research questions.

Case 2 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? In a minimum of five to seven sentences, summarize the background of your case and indicate any assumptions that you are making regarding the case. Define your problem statement and research question(s)