Pina Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1, 2017. The terms of acquisition for each truck are described below.

1.Truck #1 has a list price of $16,950and is acquired for a cash payment of $15,707.2.Truck #2 has a list price of $18,080and is acquired for a down payment of $2,260cash and a zero-interest-bearing note with a face amount of $15,820. The note is due April 1, 2018. Pina would normally have to pay interest at a rate of9% for such a borrowing, and the dealership has an incremental borrowing rate of8%.3.Truck #3 has a list price of $18,080. It is acquired in exchange for a computer system that Pina carries in inventory. The computer system cost $13,560and is normally sold by Pina for $17,176. Pina uses a perpetual inventory system.4.Truck #4 has a list price of $15,820. It is acquired in exchange for1,030shares of common stock in Pina Corporation. The stock has a par value per share of $10and a market price of $13per share.