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Please show work. Brief Exercise 10-11 Indigo Company traded a used truck for a new truck. The used truck cost $50,100 and has accumulated depreciation

Please show work.

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Brief Exercise 10-11 Indigo Company traded a used truck for a new truck. The used truck cost $50,100 and has accumulated depreciation of $45,090. The new truck is worth $61,790. Indigo also made a cash payment of $60,120. Prepare Indigo's entry to record the exchange. (The exchange lacks commercial substance.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Account Titles and Explanation Debit Credit Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT

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