A company bought a new $56,000 heating system. The company pold $53,400 cash and was given a trade-In of $2,600 on an old heating system The old system had an original cost of $50,200 and accumulated depreciation of $45,800. If the transaction has commercial substance, the company should record the new beating system at Multiple Choice $2,600 54,400 $1400 $56,000 c $57.800