Kingbird SE traded a used truck for a new truck. The used truck cost $$33,600$ and has accumulated depreciation of $$30,240.$ The new

truck is worth $$43,680.$ Kingbird also made a cash payment of $$40,320.$

Prepare Kingbird's entry to record the exchange. $($The exchange lacks commercial substance.$)($Include in your journal entry separate

account entries for both the new and old truck. 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 $0$ for the amounts.$)$ use $4$ cells only