The following information is available from the SOFP as at 30th June 2020: Vehicles: at cost Vehicles: accumulated depreciation 106,546 72,834 The vehicles above represent two identical cars bought for the same price each on 1st July 2016. The company's depreciation policy in relation to vehicles is to depreciate them at a rate of 25% using the reducing balance method. On 1st July 2020, one of the two cars were given away in a part-exchange alongside cash of 30,000. In return, the business received a new car worth 40,000. Calculate the following: (a) the profit or loss from the part-exchange of the old car for a new one. Clearly specify your answer if the figure you provide is Profit or Loss. (3 marks) (b) the net book value of all vehicles as at 30th June 2021 (3 marks)