On November 3, 2020, Gamez 2 Go Media exchanged an old computer for a new computer that had a list price of $212,000. The original cost of the old computer was $172,000 and related accumulated depreciation was $76,000 up to the date of the exchange. Gamez 2 Go Media received a trade-in allowance of $111,000 and paid the balance in cash Required: a. Record the exchange assuming the fair values are unknown View transaction list Journal entry worksheet 1 > Record the exchange of computers. Note: Enter debits before credits. Date November 03, 2020 General Journal Debit Credit Record entry Clear entry View general journal b. Assume that the fair value of the new asset was $185,000, Record the exchange View transaction list Journal entry worksheet Record the exchange of computers. Note: Enter debits before credits. Date November 03, 2020 General Journal Debit Credit Record entry Clear entry View general journal Analysis Component: What is the dollar value that will be used to depreciate the new computer in part (b)? Dollar value