Problem 10-9 (Part Level Submission) On August 1, Sheridan, Inc. exchanged productive assets with Skysong, Inc. Sheridan's these assets. seis referred to below as "Asset A," and Skysong' is referred to as "Asset B. The following facts pertain to 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 397.920 40,800 61,200 Asset $112,200 47,940 76,500 15.300 15.300 (a) Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Sheridan, Inc. and Skysong, Inc. in accordance with generally accepted accounting principles (Round answers to decimal places, e 5,275. Credit account tities are automatically indented when amount is entered. Do not indet manually. If ne entry is required, select "No Entry" for the account titles and enter for the amounts) (a) Assuming that the exchange of Assets A and has commercial substance, record the exchange for both Sheridan, Inc. and Skyson, Inc. in accordance with generally accepted accounting principles (Round answers to decimal places,.. 5.275. 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 tities and enter for the amounts) De Account Tities and Explanation Sheridan, Inc.'s Books Skysong, Inc.'s Books Attempts of weed E POR LATE BUBMIT