Sarasota Corporation operates a retail computer store. To improve delivery services to customers, the company purchases four new trucks on April 1,2017. The terms of acquisition for each truck are described below. Truck #1 has a list price of $31,350 and is acquired for a cash payment of $29,051. Truck #2 has a list price of S33.440 and is acquired for a down payment of $4,180 cash and a zero-interest-bearing note with a face mount of S 29,260,The note is due April 1, 2018. Sarasota would normally have to pay interest at a rate of 9% for such a borrowing, and the dealership has an ineennental borrowing ae of 8%. 1. 2. 3. Truck 3 has a list price of $33,440. It is acquired in exchange for a computer system that Sarasota carries in inventory. The computer system cost $25,080 and is normally sold by Sarasota for $31,768. Sarasota uses a perpetual inventory system. 4. Truck #4 has a list price of $29,260. It is acquired in exchange for 1,030 shares of common stock in Sarasota Corporation. The stock has a par value per share or $10 and a market price of $13 per share