Pizza Company trades its used delivery cars for a new models at Hudson Toyota. The used cars have abook value of $$60,000($original cost $$140,000$ less $$80,000$ accumulated depreciation$).$ The new carshave MSRP of $$80,000.$ The fair value of the old cars based on estimation by third party is $$50,000.$ Aftersome negotiations between the Pizza Company and Hudson Toyota, the new cards would receive$$10,000$ discount and the trade in value of the old trucks in the amount of $$55,000.$ The remainingportions is to be paid in cash.