A Company Exchanged an Old Truck for a Newer Model

A company exchanged an old truck for a newer model. The old truck account had a cost of $76,000 and Accumulated depreciation of $65,000 as of the exchange date. The new truck had a cash price of $84,000, but the company was given a $15,000 trade-in allowance and the balance of $69,000 was paid in cash. Prepare the journal entry to record the exchange.
$$\begin{array} { | l | r | r | } \hline \text { Market value of new truck } & & \$ 84,000 \\\hline \text { Book value of old truck } ( \$ 76,000 - \$ 65,000 ) & \$ 11,000 & \\\hline \text { Cash } & \underline { 69,000 } & \underline { 80,000 } \\\hline \text { Gain (not recorded) } & & \underline { \$ 4,000 } \\\hline & & \\\hline \text { Book value of old truck } & \$ 11,000 & \\\hline \text { Cash paid in the exchange } & 69,000 & \\\hline \text { Cost recorded for new truck } & \underline { \underline { \$ 80,000 } } & \\\hline\end{array}$$