On July 1, Gyminny Delivery Services a acquired a new truck with a list price of $191,000. Gyminny received a trade in allowance of $ 32,500 on 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; accumulated depreciation on December 31, the end of the preceding fiscal year, $80,000; annual depreciation, $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".