Equipment costing $122,000 has accumulated depreciation of $97,000. The equipment is a trade-in for new equipment costing $187,000. If the trade - in value received for the old equipment is $30,000, the journal entry to record this transaction is to: O A. debit Equipment (New) for $187,000, debit Accumulated Depreciation - Equipment for $97,000, credit Gain on Exchange of Assets for $5,000, credit Equipment (Old) for $122,000 and credit Cash for $157,000. O B. debit Equipment (New) for $187,000, debit Accumulated Depreciation - Equipment for $97,000, debit Loss on Exchange of Assets for $25,000, credit Equipment (Old) for $122,000, credit Cash for $187,000. O C. debit Equipment (New) for $187,000, and credit Cash for $ 187,000. OD. debit Equipment (New) for $187,000, debit Accumulated Depreciation - Equipment for $97,000, credit Equipment (Old) for $122,000 and credit Cash for $162,000