Question 20 3 pts Clarksten Co. and Kay Inc. exchange equipment. Information related to this exchange for both companies follows. Clarksten Co. Kay Inc. Equipment given up: Equipment (original cost) S45,000 S35,000 Accumulated depreciation 25,000 20,000 Fair value 18,000 20,000 Cash exchanged (4,000) 4,000 Assuming that the exchange has commercial substance, Clarksten Co. should record the new equipment at $18,000, O $20,000 $14,000 $22,000