XZ owned Asset A that was reflected in the accounts as: cost, $60,000 and accumulated amortization, $35,000. Its market value in present condition is reliably estimated to be $38,000. XZ acquired Asset B (a similar asset) that had a firm cash price of $32,000. The asset acquired (B) was paid for by trading in Asset A and paying cash of $16,000.

Give the entry XZ should make to record this transaction.