On January 1, year 1, Miller Corporation promises to “unconditionally” transfer a building that cost $100,000 (appraised recently at $300,000) to Valerie Company on January 1, year 2 for a boat she bo

On January 1, year 1, Miller Corporation promises to “unconditionally” transfer a building that cost $100,000 (appraised recently at $300,000) to Valerie Company on January 1, year 2 for a boat she bought for $250,000. As of December 31, year 2, Miller still has not transferred title to the building, although it received title to the boat.

Develop your recommendations and conclusions, and state them and their rationale in one to two pages (12-point, double spaced).