On December $1,2022,$ Kelso Company acquired a new delivery truck in exchange for an old delivery truck that it had acquired in $2019.$ The old truck had a net book value of $13,300.$ On the date of the exchange, the old truck had a fair value of $14,000.$ In addition, Kelso paid $45,500$ cash for the new truck. The exchange lacked commercial substance.

What journal entry should kelso make to record this exchange?