Exchanged a display case placed in service on April $1,2022($original cost $$21,000)$ for a new display case, list price $$25,000,$ terms F$.$O$.$B$.,$ destination. The trade$-$in allowance was $$18,000$ and the balance due of $$7,000$ was paid in cash. Freight costs are $$65$ and insurance in transit was $$45.$ Display cases are classified as Store and Office Equipment. The estimated useful life of both the old and new display cases is $10$ years. $($Check No$.1018)$ Record this transaction in the general journal. Hint: The cost of the new equipment is $$25,000.$ Record this journal entry by writing out what you know $-$ what are the debits and credits that should be recorded? How much accumulated depreciation needs to be removed from the books?