Need answers for a, b, c, d ASAP

Need answers for a, b, c, d

Posted 3 new photos for clarity

PODOLOUR OW 000 The DOS 2020 Journal entry worksheet change of our On October 6, 2020, Western Farms Co, traded in an old tractor for a new one, receiving a $60,000 trade-in allowance and paying the remaining $166,000 in cash. The old tractor cost $194,000, and straight-line depreciation of $107000 had been recorded as of October 6, 2020. Assume the fair value of the new tractor was equal to the trade in allowance of the old tractor plus the cash paid Required: a. What was the book value of the old tractor? Beck valve b. What is the gain or loss on the exchange? Sve c. What amount should be debited to the new Tractor account? New Tractor account d. Record the exchange View transaction list Journal entry worksheet 1 Record the exchange of old tractors for a new one. Notre debit before credit d. Record the exchange View transaction list Journal entry worksheet