On January 1 year 1 Melvin Corporation promises to unconditionally transfer a bu

On January 1 year 1 Melvin Corporation promises to unconditionally transfer a building that cost $100000 (appraised recently at $300000) to the Vivian Company on January 1 year 2 for a boat she bought for $250000. As of December 31 year 2 Melvin still has not transferred title to the building although it received title to the boat. How should Vivian and Melvin record these transactions?