On July 1, Gyminny Delivery Services a acquired a new truck with a list price (fair market value) of $191,000. Gyminny received a trade in allowance of $ 32,500 an old truck of similar type and paid cash of $158,500. The following information about the truck is obtained from the account in the equipment ledger: cost, $120,000;annual depreciatio, $20,000. Assume the exchange has commercial substance.Jornalize the entries to record the trasaction on July 1. If an amount box does not require an enry, leave it blank or enter "0".