A company's old machine that cost $56,000 and had accumulated depreciation of $44,400 was traded in on a new machine having an estimated 20-year life with an invoice price of $67,600. The company also paid $57,400 cash, along with its old machine to acquire the new machine. If this transaction has commercial substance, the new machine should be recorded at: $69,000. $66,200. $67,600. $56,000. $11,600.