Alexei Urmanov Corporation operates a retail computer store. To improve delivery services to customers, the company purchases three new trucks on April 1, 2008. The terms of acquisition for each truck are described below.
1. Truck #1 has a list price of $15,000 and is acquired for a cash payment of $13,900.
2. Truck #2 has a list price of $16,000. It is acquired in exchange for a computer system that Urmanov carries in inventory. The computer system cost $12,000 and is normally sold by Urmanov for $15,200. Urmanov uses a perpetual inventory system.
3. Truck #3 has a list price of $14,000. It is acquired in exchange for 1,000 shares of common stock in Urmanov Corporation. The stock has a par value per share of $10 and a market value of $13 per share.

Instructions
Prepare the appropriate journal entries for the foregoing transactions for Urmanov Corporation.