Please help, difficult

The transactions listed below occurred at Jarred Company during 201: DATE tRansactions Man. 25 Exchanged a printer (Office Equipment) that had an original cost of $7,979 when purchased on January 4 th, two years ago. The useful life of the old asset was oniginally est inated at six years and the salvage value at 5290 . The neu printer had a price and market value of $11,049. Jarred co. exchanged the old machine and paid $5,520 cash. The new printer is estinated to have a useful life of five years and a salvage value of $690. July 19 Exchanged a truck (Vehicles) for a new one that had a sales price, and fair value, of \$44,6e9. Received a trade-in allowance of $11,40e on the old truck and paid cash of $33,200. The old truck had been purchased for $37,420 on May 27 th, three years earlier. The life of the old truck was originally estianted at four years and the salvage value at $6,760, The life of the new truck is estinated to be five years and it is estimated to have a salvage value of \$9, 70e. Aug. 18 Sold a truck that was purchased on January 5 th, two years ago, for an originol purchase price of s45, 340. It had an estimated life of four years and an estimated salvage value of 37,900. Sales price is as indicated in Instructions, below. Required: Note: In following these instructions, assume that straight-line depreciation is used and that depreciation was last recorded on December 31, 20X0. (Note: The presentation in the text related to the exchanges of assets has been superseded by FAS 153. Under FAS 153, gains and losses on the exchange of assets that hove commercial substance are recognized in full. The deferral of gains (by redueing the basis in the new asset) only pertains to assets that lack commercial substance.) 1. Prepare the journal entries to record the two exchange transactions. 2. Record the journal entries for the truck sold on August 18, 20X1. a. The sales price was $21,500. b. The sales price was $16,900. Analyze: What was the book value of the truck sold on August 18? Prepare the fournal entries to record the two exchange transactions. Journal entry worksheet Record the exchange for the new printer. Note: Enter debits before credits. Journal entry worksheet Record depreciation on the truck. Note: Enter debits before credits. Journal entry worksheet Record the exchange for the new truck. Note: Enter debits before credits