During the current year, a company exchanged old equipment costing $64.000 with accumulated depreciation of $50,000 for a new truck. The new track 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 Track 50,000 Accum Depreciation Select W S Debit Old Truck Select) The transaction has commercial subtan New Truck Se Actum Depreciation Select nmand 4 Thack d 50 Credit Dett Crede LL E R T Y " D F G H J K C VB NM H command op ments ts New Truck 50,000 Accum Depreciation [Select] Loss [Select] -Hill 65 rary lp- Old Truck Select] Cash [Select] Gain [Select] Debit Credit The transaction has commercial substance. ling or l Center to Video New Truck Select] Accum Depreciation [Select] Loss [Select] Debit Credit Old Truck Select) Cash Select) Gain [Select]