53. Winter Sports, Inc. and Ski Unlimited Co., conduct an exchange with commercial substance. The equipment given up by Winter Sports had a historical cost of $100,000, and accumulated depreciation to date of $28,000. The asset given up by Ski Unlimited and acquired by Winter Sports has a book value of $120,000 on Ski's records and a fair market value of $114,000 on the day that Winter acquired it. Cash of $24,000 is also received by Ski Unlimited Co, from Winter Sports in the exchange. What amount should Winter Sports record for the asset received? a $114,000 b. $96,000 C. S142,000 d. $42.000 e. None of the above