What is the depreciation for the printer. I used the straight-line depreciation and got $5633 (26002+2600123) but my answer shows incorrect, what am I missing?

The transactions listed below occurred at Jarred Company during 2019: DATE TRANSACTIONS Mar. Exchanged a printer (Office Equipment ) that had an original cost 25 of $13, 600 when purchased on January 4, 2017. The useful life of the old asset was originally estimated at five years and the OK salvage value at $600. The new printer had a price and market value of $22,400. Jarred gave up the old machine and paid $11, 200 cash. The new printer is estimated to have a useful life of five years and a salvage value of $1, 400. ences July Exchanged a truck (Vehicles) for a new one that had a sales 19 price, and fair value, of $89, 600. Received a trade-in allowance of $23, 000 on the old truck and paid cash of $66, 600. The old truck had been purchased for $75, 520 on May 27, 2016, three years earlier. The life of the old truck was originally estimated at four years and the salvage value at $13, 600. The life of the new truck is estimated to be five years and it is estimated to have a salvage value of $19, 600. Aug. Sold a truck that was purchased on January 5, 2017, for an 18 original purchase price of $22, 960. It had an estimated life of four years and an estimated salvage value of $4,000. Sales price is as indicated in Instructions, below. Required: Note: In following these instructions, assume that straight-line depreciation is used and that depreciation was last re December 31, 2018. (Note: The presentation in the text related to the exchanges of assets has been superseded FAS 153, gains and losses on the exchange of assets that have commercial substance are recognized in full. The (by reducing the basis in the new asset) only pertains to assets that lack commercial substance.) 1. Prepare the journal entries to record the two exchange transactions. - n ..... . . . an anan here to search O m EV 14 01 16 44 4 15 O