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Indigo Corporation traded a used truck for a new truck. The used truck cost $22,600 and has accumulated depreciation of $19.210. The new truck is

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Indigo Corporation traded a used truck for a new truck. The used truck cost $22,600 and has accumulated depreciation of $19.210. The new truck is worth $39.550. Indigo also made a cash payment of $37.290. Prepare Indigo's entry to record the exchange. (The exchange has commercial substance.) (Credit account titles are automatically Indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit

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