During the current year, Bonita Construction trades an old crane that has a book value of $127,800 (original cost $198,800 less accumulated depreciation $71,000) for a new crane from Windsor Manufacturing Co. The new crane cost Windsor $234,300 to manufacture and is classified as inventory. The following information is also available. Bonita Const. Windsor Mfg. Co. Fair value of old crane $116,440 Fair value of new crane $284,000 Cash paid 167,560 Cash received 167,560