On December 1,2023,HC acquired a new delivery truck in exchange for an old delivery truck that it had acquired in 2021. The old truck was purchased for $28,000 and had a book value of $11,200. On the date of the exchange, the old truck had a market value of $12,000. In addition, HC paid $14,000 cash for the new truck, which had a cash price of $32,000. At what amount should HC record the new truck for financial accounting purposes? Multiple Choice $25.200 $26.000 $28,000 $32,000