I need help please

15. 10.0 points Cedric Company recently traded in an older model computer for a new model. The old model's book value was $216,000 (original cost of $476,000 less $260,000 in accumulated depreciation) and its fair value was $240,000. Cedric paid $64,000 to complete the exchange which has commercial substance. Required: Prepare the jounal entry to record the exchange. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the exchange of assets. Note: Enter debits before credts. General Journal Debit Credit Clear entry View general journal Record entry 20