Yellow Corporution purchased equipment for $16.000 Yellow recorded total depreciation of $12,000 on the equipment. On January 1, 2018, Yellow traded in the equiment for new equipment, suyke 519.200 can The for market valon of the new equipment in $22,700 Joumalize Yellow Corporation's exchange of equipment Assume the exchange had commercial substance it begin by colodiating the gain or lon on the exchange of equipment. (Enter a win a minus sign or parents Market value of usta received Book value of exchanges Cash Genetowy alow Yellow Corporationis exchange of equipment (Roood sungle compound journal uitry ourd debiutint the crodis folet the exploration on the net inn at the jouwerty tov). Account and Explanation Debit Credit a quipment $22.700 coumaid Depreciation Equipment $12.000 Ganool Louro $18,000 -$500 CH 1,200