Requirement 1. Record Village Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance. Let's begin by calculating the gain or loss on the exchange of fixtures. (Enter "0" for items with a zero value.) Market value of assets received Less: Book value of asset exchanged Cash paid Gain or (Loss) - i Data Table Old fixtures: New fixtures: Cost, $98,000 Cash paid, $109,000 Accumulated depreciation, $75,000 Market value, $132,000 Print Done