2 . 5. 6 . On January 2, 2018, Good Food Catering purchased a portable heater for $ 5 000 cash, debiting its Catering Equipment account. During 2018 and 2019 the heater has been amortized using the straight line method at a an amortization rate of 25%, with an estimated residual value of $1000 On March 30,202, the company traded in (exchanged) the old heater for a new one worth $6 000, paying $3 000 cash. REQUIRED 1. Calculate the old heater accumulated amortization at the exchange date 2. Calculate the Gain/Loss on the exchange 3. Journalize the needed entries to record the exchange transaction