On August 1, Sage, Inc. exchanged productive assets with Pronghorn, Inc. Sages asset is referred to below as Asset A, and Pronghorn is referred to as Asset B. The following facts pertain to these assets. Asset A Asset B Original cost $99,840 $114,400 Accumulated depreciation (to date of exchange) 41,600 48,880 Fair value at date of exchange 62,400 78,000 Cash paid by Sage, Inc. 15,600 Cash received by Pronghorn, Inc. 15,600 Collapse question part (a) Correct answer. Your answer is correct. Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Sage, Inc. and Pronghorn, 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.)