4 Updates Available Do you want to restart to updates now or try tonight th News M Gmail Help Save & Exit China Inn and Midwest Chicken exchanged assets. Midwest Chicken received equipment and gave a delivery truck. The fair value and book value of the delivery truck given were $31,900 and $33,300 (original cost of $38,600 less accumulated depreciation of $5,300), respectively. To equalize market values of the exchanged assets, Midwest Chicken received $7.900 in cash from China Inn 1. At what amount did Midwest Chicken record the equipment? Emert 2. How much gain or loss did Midwest Chicken recognize on the exchange