On October 1, Bentley Delivery Services acquired a new truck with a list price (fair market value) of $185,000. Bentley Delivery received a trade-in allowance (fair market value) of $27,400 on an old truck of similar type and paid cash of $157,600. The following information about the old truck is obtained from the account in the equipment ledger: cost, $120,000; accumulated depredation on December 31, the end of the preceding fiscal year, $80,000: annual depreciation, $20,000. Assume the exchange has commercial substance. a. Journalize the entry to record the current depreciation of the old truck to the date of trade-in. b. Journalize the entry to record the transaction on July 1. If an amount box does not require an entry leave it blank