Liverpool purchased the wrong shingles for a roof renovation. Instead of returning them, Liverpool exchanged them with another contractor who had the correct shingles. Liverpool's shingles had a fair value of 5,000 and the ones exchanged for had a fair value of5,000. What was the net effect on Liverpool's assets?
1) No change
2) Increase of $5,000
3) Decrease of $5,000
4) Cannot be determined