Please Help ASAP

Cedric Company recently traded in an older model of equipment for a new model. The old model's book value was $234,000 (original cost of $514,000 less $280,000 in accumulated depreciation) and its fair value was $260,000. Cedric paid $66,000 to complete the xchange which has commercial substance. Required: repare the joumal entry to record the exchange. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the exchange of assets. Note: Enter debits before credits