Nash Company traded a used truck for a new truck. The used truck cost $31,200 and has accumulated depreciation of $28,080. The new truck is worth $38,480. Nash also made a cash payment of $37,440. Prepare Nash's entry to record the exchange. (The exchange lacks 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 accoun titles and enter 0 for the amounts. List all debit entries before credit entries.)