Chegg.com + QLSfGSHL153hb6N278wg Cyhlpth7V7RU2RQn8RPcl1FMIUOFIQ/viewform?hr_submission=d For P12-14. Factory Corp traded its old equipment and $8,000 for new equipment. The old equipment had a fair market value of $10,000; cost of $50,000 and accumulated depreciation of $35,000. The new equipment had fair market value of $18,000. Assume the above transaction has no commerc substance. Option 1 Clear selectic P12. What is the realized gain or loss? 3 poin Your answer P13. What is the recognized gain or loss? 3 points Your answer P14. Prepare the journal entry to record this transaction. 3 ports Chegg.com + QLSfGSHL153hb6N278wg Cyhlpth7V7RU2RQn8RPcl1FMIUOFIQ/viewform?hr_submission=d For P12-14. Factory Corp traded its old equipment and $8,000 for new equipment. The old equipment had a fair market value of $10,000; cost of $50,000 and accumulated depreciation of $35,000. The new equipment had fair market value of $18,000. Assume the above transaction has no commerc substance. Option 1 Clear selectic P12. What is the realized gain or loss? 3 poin Your answer P13. What is the recognized gain or loss? 3 points Your answer P14. Prepare the journal entry to record this transaction. 3 ports