In June, Davis took advantage of the opportunity to exchange 2 of its delivery trucks for 2 newer model trucks. The delivery trucks were originally purchased at a total cost of $150,000 and their current book value is $74,000. The fair value of the trucks is $87,000. Davis had to pay $20,000 cash as part of the deal. The transaction will not change Daviss economic position or cash flows from using the trucks. Record depreciation for 2022 on the new trucks acquired in the exchange assuming a 4-year life. (You do not need to record depreciation for any other assets.) Make all necessary entries for 2022 through Dec. 31, 2022.