Siage Hill Ltd traded a used truck (cost $29,200, accumulated depreciation $26,280, fair value $1,160 ) for a new truck. Sage Hall did look up the value of its used truck and determined its fair value at the date of the trade is $1,160. The list price of the new truck is $34,220 and the trade-in allowance given on the trade was $4,080. If \$age Hill paid $30,140, what should be the amount used as the cost of the new truck? The cost of the new truck Prepare Sage Hill's entry to record thet exchange. (Credit account tities ore outomotically indented when the amoumt is entered Do not indent manually If no entry is required, select "No Entry' for the dccount tities and enter O for the anounts, List all debit entries before credit entries)