Wendell Corporation exchanged an old truck and $25, 500 cash for a new truck. The truck had a book value of $6,000 (original cost of $25,000 less S19,000 in accumulate depreciation) and a fair value of $7, 700. Prepare the journal entry to record the exchange. Assume the exchange has commercial substance. Prepare the journal entry to record the exchange assuming that the exchange lacks commercial substance