Village Bank recently traded in office fixtures. Here are the facts: E: (Click the icon to view the facts.) Requirements - Read the requirements. Journalize village bank's exchange of mixtures. (Recora a single compound journar entry. Recora gedis Tirst, then credits. Selec Date Accounts and Explanation Debit Credit Fixtures (new) 132,000 Accumulated Depreciation-Fixtures 75,000 1. Record Village Bank's trade-in of old fixtures for new ones. Assume the exchange had commercial substance. 2. Now let's change one fact. Village Bank feels compelled to do business with Shoreside Furniture, a bank customer, even though the bank can get the fixtures elsewhere at a better price. Village Bank is aware that the new fixtures' market value is only $128,000. Record the trade-in. Assume the exchange had commercial substance. Cash 109,000 Fixtures (old) 98,000 Exchanged old fixtures and cash for new fixtures. Print Done Requirement 2. Now let's change one fact. Village Bank feels compelled to do business with Shore urniture, a bank customer, even though the bank can get the fixtures elsewhere at a better price. Village Bank is awaret the new fixtures' market value is only $128,000. Record the trade-in. Assume the exchange had commercial substance. Let's begin by calculating the gain or loss on the exchange of fixtures. (Enter a loss with a minus sign or parentheses.) Market value of assets received Less: Book value of asset exchanged Cash paid Gain or (Loss) Fnter any number in the edit fields and then click Chock Anwar