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

Problem 10-9 On August 1, Hyde, Inc. exchanged productive assets with Wiggins, Inc. Hyde's asset is referred to below as "Asset A," and Wiggins' is referred to as "Asset B." The following facts pertain to these assets. Original cost Accumulated depreciation (to date of exchange) Fair value at date of exchange Cash paid by Hyde, Inc. Cash received by Wiggins, Inc. Asset A $102,624 42,760 64,140 16,035 Asset B $117,590 50,243 80,175 16,035 Assuming that the exchange of Assets A and B has commercial substance, record the exchange for both Hyde, Inc. and Wiggins, Inc. in accordance with generally accepted accounting principles. (Round answers to O 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.) Account Titles and Explanation Hyde, Inc.'s Books Debit Credit