3- United Group purchases a new piece of machinery at a price of $20,000 plus trade in fob actory, United paid $10,000 cash and traded in used machine. The used machine had originally cost $70,000, tidak value of $50,000 and a second-hand fair value of $55,000, as indicated by recent transactions involving, sammar machine Freight and installation charges for the new equipment required a cash payment of $2,000 Required: (a) Under the assumption that the exchange has commercial substance, prepare the general journal entry to record this transaction. (7 marks) (b) Assuring the same facts as in (a) except that fair value information for the assets exchange is not determinable, prepare the general journal entry to record this transaction. (3 marks) [10M