Next Question Partner Bank recently traded in office fixtures. Here are the facts: (Click the loon to view the facts.) Read the requirements. Requirement 1. Record Partner Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance. Let's begin by calculating the gain or loss on the exchange of fixtures. (Enter "O" for items with a zero value.) Data Table Market value of assets received Less: Book value of asset exchanged Old fixtures: Cost, $91,000 Accumulated depreciation. $68,000 New fixtures: Cash pald, $110,000 Market value, S133,000 Cash paid Gain or (Loss) Print Print Done Requirements 1. Record Partner Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance 2. Now let's change one fact. Partner Bank feels compelled to do business with Elm Fumiture, a bank customer, even though the bank can get the fixtures elsewhere at a better price. Partner Bank is aware that the new fixtures market value is only $126,000. Record the trade-in. Assume the exchange had commercial substance