Sage Hill Limited owns a number of rental properties in Western Canada as well as a single property in Ontario. Management has decided to concentrate its business in the west and to dispose of its one property outside this area. Sage Hill agrees to exchange its Ontario property for a similar commercial property outside Lethbridge, Alberta, owned by Shamrock Limited, a company with most of its properties east of Manitoba. The two properties are almost identical in size, rentals, and operating costs. Shamrock agrees to the exchange but requires a cash payment of $23,000 from Sage Hill to balance and complete the transaction. Further information about these two properties is provided below: Sage Hill Ltd. Property Shamrock Ltd. Property Carrying amounts: Building $538,000 $516,000 Accumulated depreciation 99,000 120,000 $439,000 $396,000 Fair value $575,000 $598,000 Cash paid $23,000 Cash received $23,000 Assume an evaluation by both Sage Hill and Shamrock management shows that there is an insignificant difference in the configuration of future cash flows and that commercial substance is not indicated. What entry would be made by each company to record this asset exchange? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles Sage Hill Entry Shamrock Entry Debit Credit