NLBOREEN PRINTEN VERSION REK Question 17 Oriole Company purchased a heavy-duty truck on July 1, 2017, for $31,200. It was estimated that it would have a useful life of 10 years and then would have a trade-in wue of $6,740. The company uses the straight-line method. It was traded on August 1, 2021, for a similar truck costing $43,680, 516,640 was allowed as trade-In Value (also fair value) on the old truck and $27,040 was paid in cash. A comparison of expected cash flows for the trucks indicates the exchange lacks commercial substance. What is the entry to record the trade-in? (Il ne entry is required let "No Entry for the account titles and enter for the amounts. Credit account cities are automatically Indented wamewels entered. Do not Indiest manually Debit Credit Account Tities and Explanation Trucks 43680 Accumulated Depreciation Loss on Disposal of Trucks Trucks Cash 27040 Click If you would like to show Work for this questioni Don Show SHOW LIST OF ACCOUNTS ON 1 LINE TO TEXT Cart MIT ANWA Question Altempered Pri2000W. ARAD MacBook Air 4 888 20 27 10 * Ple A & B 0 2 9 # 8 + $ % 4 5 7 6 7 2 3 V O