On December 1, 2015, ABC Company acquired a new delivery truck in exchange for an old delivery truck that it had acquired in 2012. The old truck was purchased for $35,000 and had a book value of $13,300. On the date of the exchange, the old truck had a market value of $14,000. In addition, ABC paid $2000 cash for the new truck. The exchange lacked commercial substance. At what amount should ABC record the new truck for financial accounting purposes?