Cooper discarded the equipment receiving $0. (Record debits first, then credits. Exclude explanations from all journal entries.) Cooper sold the equipment for $10, 500 cash. Cooper traded the equipment in on a new piece of equipment costing $54,000. Cooper was granted a $11,000 trade-in allowance for the old equipment and paid the difference in cash. Cooper traded the equipment in on a new piece of equipment costing $41,000. Cooper was granted a $7, 500 trade-in allowance for the old equipment and signed a note payable for the difference