How would the transaction in BE23-12 be recorded if it were arm’s length?

Data From BE23-12:

Textile manufacturer Fibreright Corp. exchanges computer software having a carrying amount of $11,000 with the real estate company Frederick Corp. The software that is received in exchange from Frederick Corp. has a carrying amount of $15,100, performs different functions, and has a fair value of $20,800. Both companies are 100% owned by the same individual and since they are closely held companies they both follow ASPE. Discuss how this transaction should be measured and prepare the journal entries for both companies to record the exchange. Use the decision tree in Illustration 23-5 to explain the reasoning for your answer.