1 pts Question 9 USE THE FOLLOWING INFORMATION TO ANSWER THE NEXT (2) QUESTIONS: ABC Company exchanged equipment used in its manufacturing operations for a similar piece of equipment used in the operations of XYZ Corporation. The following information pertains to the exchange. The exchange lacks commercial substance. ABC Company XYZ Company Equipment (costs) $28,000 $34,000 Accumulated Depreciation 12,000 10,000 28,500 Fair Value of Equipment Cash given up 7,000 Question 10 1 pts Using the same information presented in #9 above, determine the Original cost of the New Equipment for XYZ and the Gain/Loss that XYZ can recognize. Original Cost of New Equipment to XYZ Gain/Loss to be Recognized Round your answers to the nearest whole dollar. **To record your answer for a gain, enter your answer as a positive number. If you want to report a loss, enter your answer as a negative number using 0 parenthesis. If no gain or loss is reported, enter your answer as NE for No Effect Example: If you want to report a loss of $2,000, enter your answer as (2000). Do not use $ dollar signs or commas in recording your