Dean Carpet Stores owned an automobile with a $15,000 cost that had $13,500 accumulated depreciation as of

Question:

Dean Carpet Stores owned an automobile with a $15,000 cost that had $13,500 accumulated depreciation as of December 31, 2014. Its fair value on this date was $3,000. On the same day, Dean exchanged this auto for a computer with a fair value of $5,800. Dean was required to pay additional $2,750 cash. Prepare the entry to record this transaction for Dean.