On January 2, 2020, Sunland Company traded in an old delivery truck for a newer model. The exchange lacked commercial substance. Data relative to the old and new trucks follow: Old Truck Original cost $39900 Accumulated depreciation as of January 2, 2020 28500 Average published retail value 12300 New Truck List price $75200 Cash price without trade-in 65000 Cash paid with trade-in 56600 What should be the cost of the new truck for financial accounting purposes? $56600. $68000. $75200. $65000