Huffington Company traded in an old delivery truck for a new one. The
old truck had a cost of $82,000 and accumulated depreciation of $66,300.
The new truck had an invoice price of $132,000. Huffington was given a
$13,400 trade-in allowance on the old truck, which meant they paid
$118,600 in addition to the old truck to acquire the new truck. What is
the recorded value of the new truck?