2 (8 points) PROBLEM (Recommended Time Allocation: 15 Minutes; 8 Marks) On January 1, 2020, a truck that cost Acadia Limited $10,300, on which $9,000 of depreciation has been accumulated, is sold to Bonnie Corporation for a new truck. The fair market value of Acadia Limited's truck is unknown, Acadia Limited also gave Bonnie Corporation $890 of cash. Bonnie Corporation's truck has a current fair market value of $10,000. Its original cost was $11,000 when it was purchased four years ago. At the time of original purchase, this asset had a five-year useful life and $1,000 residual value. From Acadia Limited's perspective, this transaction lacks commercial substance. perspective, this transaction has commercial substances. REQUIRED (A) Give the journal entry(s) for Acadia Limited at January 1, 2020. (B) Give the journal entry(s) for Bonnie Corporation at January 1, 2020. From Bonnie Corporation's Format V B I U DESCRIPTION DEBIT CREDIT www