You have two clients that are considering trading machinery with each other. Although the machines are different from each other, you believe that an assessment of expected cash flows on the exchanged assets will indicate the exchange lacks commercial substance. Your clients would prefer that the exchange be deemed to have commercial substance, to allow them to record gains. Here are the facts: Client A Client B Original cost $104,000 $149,800 Accumulated depreciation 38,300 79,500 Fair value 88,100 110,500 Cash received (paid) (22,400) 22,400 (a) Record the trade-in on Client A's books assuming the exchange has commercial substance. (If no entry is required, select "No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Account Titles and Explanation Debit Credit