6.14 Obssuth Company is trading in its old computer system for an ERP system. The old system is on the books at a cost of $1,270,000 with accumulated depreciation of $885,000. The ERP has a price of $4,500,000 installed and debugged, but the manufacturer has agreed to reduce this amount by $250,000 in return for Obssuth's old system. Prepare the journal entry to record the acquisition of the new ERP system