Question 4 of 17 < > -/5 E: Current Attempt in Progress Marin Ltd. traded a used truck (cost $31,500, accumulated depreciation $28,350, fair value $1,420) for a new truck. Marin did look up the value of its used truck and determined its fair value at the date of the trade is $1,420. The list price of the new truck is $36,650 and the trade-in allowance given on the trade was $4,570. If Marin paid $32,080, what should be the amount used as the cost of the new truck? The cost of the new truck $ Prepare Marin's entry to record the exchange. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. List all debit entries before credit entries.) Account Titles and Explanation gain on Gain on Disposal of Buildings Gain on Disposal of Equipment Gain on Disposal of Machinery Gain on Disposal of Vehicles Gain on Vehicle Overhaul 76 qb Debit Credit Attempts: 0 of 1 used Submit Answer