Problem 10-9 (Part Level Submission) On August 1, Sheridan, Inc. exchanged productive assets with Skysong, Inc. Sheridan's asset is referred to below as "Asset A," and Skysong' is referred to as "Asset B." The following facts pertain to these assets Original cost Accumulated depreciation (to date of exchange) Fair value at date of exchange Cash paid by Sheridan, Inc. Cash received by Skysong, Inc. Asset A $97,920 40.800 61,200 15,300 Asset B $112,200 47,940 76,500 15,300 Attemptsi 1 of 3 used Assuming that the exchange of Assets A and Blacks commercial substance, record the exchange for both Sheridan, Inc. and Skysong, Inc. in accordance with generally accepted accounting principles. (Round intermediate calculations to 5 decimal places, e.. 1.25124 and final answer to decimal places eg. 58,971. Credit accounts are automatically indeed when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the accounties and enter for the amount) Credit Account Titles and Explanation Sheridan, Inc.'s Books Skysong, Inc.'s Books Attempts of used AVE FOR LARA BURIT