please show work how its solved thanks

TB EX Qu. 7-204 Nate's Hot Dogs exchanges long-term assets with Lizzy's... Nate's Hot Dogs exchanges long-term assets with Lizzy's Lemonade. Nate receives a delivery truck and gives up a piece of machinery The fair value and book value of the machinery were $31.000 and $24.000 (original cost of $34,000 less accumulated depreciation of $10,000), respectively. Since the delivery truck was worth $34,000, Note paid an additional $3,000 in cash to Lizzy Record the exchange for Nate's Hot Dogs (if no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) View transaction ist Journal entry worksheet Record the exchange for Nate's Hot Dogs Note Enter debit before credits Debit General Journal Transaction Credit Journal entry worksheet