9. E.M. Byers & Company purchased equipment for $160,000 cash and exchanged (traded in) their old equipment with an original cost of $150,000 and accumulated depreciation of $140,000 The sales price of the new equipment is $180,000. Assuming the transaction does have commercial substance, what is the amount to be included for the new tractor in the ledger? a) $160,000 b) $175,000 $170,000 $180,000 e) None of the above. d)