with details please

EXERCISE 97 Will Bus Service traded ma med brun for a new one. The anal cost of the old to w $52.000 Accumulated depreciation at the time of the trade in amounted to 534,000. The new buscant 567,000, bet Willis was entrade in allowance of $10.000 What of cash did Willis have to pay to acquire the dew bus h. Compute the gain or lo on the disposal for facial reporting purposes c. Explain how the pain or lou would be reported in the company's come statement