Brown Company contracts with Sebastian Company to exchange refrigerated trucks. Brown Company will trade three SMC trucks for four DROF trucks owned by Sebastian Company. The DROF refrigerated trucks have a cost of $ 100,000 and accumulated depreciation up to the date of the exchange of $ 52,000. The trucks are approximately the same age and have the same remaining useful lives. The fair value of the SMC trucks is $ 51,000 with a book value of $ 38,000 ( cost $ 65,000 less $ 27,000 accumulated depreciation). The DROF trucks have a fair value of $ 66,000 and Brown Company gives $ 15,000 in cash (paid) in addition to the SMC trucks. Prepare the journal entry to record the exchange on the books of the Sebastian Company. Assume the exchange does not have commercial substance.