During the current year, a company exchanged old equipment costing $64,000 with accumulated depreciation of $50,000 for a new truck. The new truck had a cash price of $80,000 and the company received a $10,000 trade-in allowance on the old truck with the balance of $70,000 paid in cash. Complete the journal entry to record the exchange under the two assumptions below: The transaction lacks commercial substance. New Truck [Select] Accum Depreciation [Select] Loss [Select] Old Truck [Select] Cash [Select] Gain [Select] Debit Credit The transaction has commercial substance. New Truck [Select] Accum Depreciation [Select] Loss [Select] Debit Credit Old Truck [Select] Cash [Select] Gain [Select]