Willis Bus Service traded in a used bus for a new one. The original cost of the old bus was $50.200. Accumulated depreciation at the Ime of the trade-in amounted to $35700. The new bus cost $73,500 but Wills was given a trade-in allowance of $11,000 . What amount of cash did Willis have to pay to acquire the new bus? - Compute the gain or loss on the disposal for financial reporting purposes Complete this question by entering your answers in the tubs below. Required A Required B What amount of cash did Willis have to pay to acquire the new bus? Payment of cash Requited A Required B > Willis Bus Service traded in a used bus for a new one. The original cost of the old bus was $50,200. Accum time of the trade-in amounted to $35,700. The new bus cost $73,500 but Willis was given a trade-in allowa a. What amount of cash did Willis have to pay to acquire the new bus? b. Compute the gain or loss on the disposal for financial reporting purposes Complete this question by entering your answers in the tabs below. Required A Required Compute the gain or loss on the disposal for financial reporting purposes.