State Department Transport is a large trucking company. State Department Transport uses the units of production (UOP) method to depreciate its trucks. In 2015, State Department Transport acquired a Mack truck costing $390,000 with a useful life of 10 years or 650,000 miles. Estimated residual value was $65,000. The truck was driven 81,000 miles in 2015; 116,000 miles in 2016; and 131,000 miles in 2017. After 10,000 miles in 2018, State Department Transport traded in the Mack truck for a new Freightliner that cost $466,000. State Department Transport received a $256,000 trade-in allowance for the old truck and paid the difference in cash. Journalize the entry to record the purchase of the new truck. (Round interim calculations to the nearest cent and your final answer to the nearest dollar. Record debits first, then credits. Exclude explanations from journal entries.) Journal Entry Date Accounts Debit Credit 2018 Truck (new) Accumulated depreciation, truck (old) Truck (old) Cash Gain on exchange of assets Accumulated depreciation, truck (old) Cash Depreciation expense Truck (old) Truck (new) Gain on exchange of assets Loss on exchange of assets Note payable