Question: Question 23 (Mandatory) (8 points) () Listen Hilton Inc exchanged equipment costing $ 40,000, book value $ 32,000, and fair market value of $34,000 for

Question 23 (Mandatory) (8 points) () Listen Hilton Inc exchanged equipment costing $ 40,000, book value $ 32,000, and fair market value of $34,000 for a delivery truck from Wellington Inc. Wellington's delivery truck cost $ 38,000, book value $ 30,000, and fair market value of $ 32,000. Show entries for both Hilton and Wellington in this dealer to dealer exchange

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