During 2018, Sukiora Corporation completed the following transactions: (Click the icon to view transactions.) Record the transactions in the journal of Sukiora Corporation. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Traded in old office equipment with book value of $60,000 (cost of $124,000 and accumulated depreciation of $64,000) for new equipment. Sukiora also paid $90,000 in cash. Fair value of new equipment is $157,000. Assume the exchange Jan. 1 had commercial substance. Sold equipment that cost $48,000 (accumulated depreciation of $37,000 through December 31 of the preceding year). Sukiora received $7,800 cash from the sale of the equipment. Depreciation is computed on a straight-line basis. The equipment Apr. 1 has a five-year useful life and a residual value of $0. Office equipment is depreciated using the double-declining-balance method over Dec. 31 four years with a $2,000 residual value