Freedom Bank recently traded in office fixtures. Here are the facts: (Click the icon to view the facts.) Data table Read the requirements. Requirement 1. Record Freedom Bank's trade-in of old fixtures for new ones. Assume the exchange had c Let's begin by calculating the gain or loss on the exchange of fixtures. (Enter " 0 " for items with a zero value Requirements Journalize Freedom Bank's exchange of fixtures. (Record a single compound journal entry. Record debits fi 1. Record Freedom Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance. 2. Now let's change one fact. Freedom Bank feels compelled to do business with Lakeside Furniture, a bank customer, even though the bank can get the fixtures elsewhere at a better price. Freedom Bank is aware that the new fixtures' market value is only $113,000. Record the trade-in. Assume the exchange had commercial substance