Alpha Communications Company purchased a computer for $2,600. debaing Computer Equipment During 2014 and 2015, Aipha Comrnunications Company rocorded total deprecation of $1,600 on the computer. On January 1, 2016, Apha Communications Company tradod in the computer for a new one. prying 32,400 cash. The fair makket value of the new computer is $4,300. Journalice Apha Communicationi Company/s oxchange of computers. Assume the exehange had commercial substance L.ol's begin by calculating the gain or loss on the exchange of computer equipment on January 1. Joumaize Appha Comimunications Company's exchange of compulers. (Rocord a single compound journal entry: Record debits first, then credits Select the explanation on the last line of the journal entry table.) Alpha Communications Company purchased a computer for $2,600, dobiting Computer Equipment. During 2014 and 2015 . Alpha Communications Company record total depreciation of $1,800 on the computer. On January 1, 2016. Apha Cominunications Company traded in the computer for a now one, paying \$2,400 cash The fair market value of the new computer is \$4,300. Joumalze Alpha Communications Company's exchango of computers. Assume the exchange had commercial substance. Joumalize Alpha Communications Company's exchange of computers. (Record a single compound joumal ontry. Record dobits first, then credits Select the explanation on the last line of the joumai entry table.)