Problem 4 (20 Points) Wendell Corporation exchanged an old truck and $80,000 cash for a new truck. The old truck had an original cost of $100,000 and $70,000 in accumulated depreciation and a fair value of $40,000. Required Prepare the journal entry to record the exchange. Assume the exchange has commercial substance. (Show your computation) 1. to record the exchange assuming that the exchange lacks 2. Prepare the journal entry