On the first day of the fiscal year, a new walk-in cooler with a list price of $51,300 was acquired in exchange for an old cooler and $40,600 cash. The old cooler had a cost of $44,000 and accumulated depreciation of $37,500. Assume the transaction has commercial substance. a.  Determine the gain to be recorded on the exchange. $fill in the blank 4a5f8d00f04b05f_1 b.  Journalize the entry to record the exchange. If an amount box does not require an entry, leave it blank.   Equipment (new)  fill in the blank b9746ffc1fed022_2 fill in the blank b9746ffc1fed022_3   Accumulated Depreciation  fill in the blank b9746ffc1fed022_5 fill in the blank b9746ffc1fed022_6   Equipment  fill in the blank b9746ffc1fed022_8 fill in the blank b9746ffc1fed022_9   Gain on Exchange of Equipment  fill in the blank b9746ffc1fed022_11 fill in the blank b9746ffc1fed022_12   Cash  fill in the blank b9746ffc1fed022_14 fill in the blank b9746ffc1fed022_15

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