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Phace Bank recently traded in of ce fatures. Here are the facts: (Cick the innn lo view the facts. Read the finditements Requirement 1. Aecord Peace Bankis traje-in of old fixures for new ones. Assume the excharnge had commercial substance Left begin by caleulating the gain of loss on the exthange of fintures. FEnler "o' for tems with a zaro value.) Record Peace Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance. Data table Requirements 1. Record Peace Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance. 2. Now let's change one fact. Peace Bank feels compelled to do business with Top Notch Furniture, a bank customer, even though the bank can get the fixtures elsewhere at a better price. Peace Bank is aware that the new fixtures' market value is only $128,000. Record the trade-in. Assume the exchange had commercial substance. thanged old fixtures and cash for new fixtures