very urgent

On May 15, 2021, Tosha Corporation exchanged an older truck with a fair value of $11,000 for a van with a manufacturer's suggested retail value of $45,000. The a original cost of the older truck was $65,000 and has accumulated depreciation of $47,000 to the date of exchange. A trade-in allowance of $15,000 was given for the truck, and the remainder was paid in cash. REQUIRED: Prepare the journal entry to record the exchange on May 15, 2021. 3