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Please help me find the correct answers. I have already tried 11200,25200,5600,14000. None of them are correct so help me to find the correct solution.

Please help me find the correct answers. I have already tried 11200,25200,5600,14000. None of them are correct so help me to find the correct solution.

image text in transcribed Assigning Value to Assets in Nonmonetary Exchange Lacking Commercial Substance Mariot trades in its old equipment (with the following carrying values) for new equipment. Mariot received $5,600 cash on the exchange. The fair value of the new equipment is $19,600. If the transaction lacks commercial substance, what amount does Mariot assign to the new equipment? Note: Carry all decimals in calculations; round the final answer to the nearest dollar. Amount assigned to new equipment

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