Question 6 of 6 - / 10 View Policies Current Attempt in Progress On August 1, Novak, Inc. exchanged productive assets with Splish, Inc. Novak's asset is referred to below as "Asset A. and Splish' 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 Novak, Inc. Cash received by Splish, Inc. Asset A $128,640 53,600 80.400 20.100 Asset B $147,400 62.980 100,500 20.100 Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Novak, Inc. and Splish, Inc. in accordance with generally accepted accounting principles. (Round answers to decimal places, eg. 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 titles and enter for the amounts.) Account Titles and Explanation Credit Novak, Inc's Books Debit