On August 1, Carla, Inc. exchanged productive assets with Sarasota, Inc. Carlas asset is referred to below as Asset A, and Sarasota is referred to as Asset B. The following facts pertain to these assets.

Asset B $134,400 $154,000 65,800 Asset A Original cost Accumulated depreciation (to date of exchange) Fair value at date of exchange Cash paid by Carla, Inc Cash received by Sarasota, Inc. 56,000 84,000 105,000 21,000 21,000 Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Carla, Inc. and Sarasota, Inc. in accordance with generally accepted accounting principles. (Round answers to 0 decimal places, e.g. 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 0 for the amounts.) Credit Account Titles and Explanation Carla, Inc.'s Books Debit arasota, Inc.'s Books Asset B $134,400 $154,000 65,800 Asset A Original cost Accumulated depreciation (to date of exchange) Fair value at date of exchange Cash paid by Carla, Inc Cash received by Sarasota, Inc. 56,000 84,000 105,000 21,000 21,000 Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Carla, Inc. and Sarasota, Inc. in accordance with generally accepted accounting principles. (Round answers to 0 decimal places, e.g. 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 0 for the amounts.) Credit Account Titles and Explanation Carla, Inc.'s Books Debit arasota, Inc.'s Books