On January $3,$ Carothers Corporation acquired $$100,000$ in new equipment in exchange for cash of $$90,000$ cash and a trade$-$in of old equipment. That old equipment originally cost $$90,000$ and had accumulated depreciation of $$75,000$; it had a book value of $$15,000$ at the time of exchange.Complete the necessary adjusting entry by selecting the account names from the drop$-$down menus and entering the dollar amounts in the debit or credit columns.