Luna Springs Inc. exchanged an old vehicle for a new vehicle on August 31, 2014. The original cost of Luna Springs Inc.'s old vehicle was $45,000 on January 1, 2010. Depreciation was calculated using the straight line method over a ten-year useful life, with an estimated residual value of $3,000. The fair value of the old vehicle on August 31, 2014 was $21,500. The list price of the new vehicle was $30,000. Luna Springs Inc. paid $2,000 in cash as part of the exchange. The new vehicle should be recorded on Luna Springs Inc.'s books at: