Read the requirements. Question 25, E11-29 (similar to) Part 1 of 3 On January 2, 2022, Delightful Corporation paid $142,000 in cash and exchanged a chocolate mixing machine, which had a fair value of $538,000 and a book value of $600,000 ($1,200,000 historical cost-$600,000 accumulated depreciation brought up to the date of the transaction) for another chocolate mixing machine from Rigby Candy, Inc. The new mixing machine had a fair value of $680,000 and a book value of $420,000 ($1,400,000-$980,000). Account HW Score: 72.53%, 20.31 of 28 points O Points: 0 of 1 CIL January 2, 2022 Save Requirement a. Record the journal entry on the books of the Delightful Corporation to record the exchange assuming the transaction altered the economic positions of the parties. (Record debits first, then credits. Exclude explanations from any journal entries.)