Exchanged a display case placed in service on June 1, 2018 (original cost $12,000) for a new display case, list price $15,000, terms F.O.B., destination. The trade-in allowance was $2,000 and the balance due 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: This transaction requires that you compute the current book value of the old display case and then whether there was a gain or loss on the transaction. This is covered in the appendix to Chapter 10. The new display case should be added at $15,000.)