6 pts Loki Company exchanges equipment with Thor Corp for a parcel of land. In addition, Thor Corp also pays $1,500 cash to Loki Company for the exchange. The following information pertains to the asset given up by each company D Question 16 Original Cost Loki $42,500 Thor $20,000 Accumulated Depreciation $21,000 50 Fair Value $25,500 $24,000 The exchange lacks commercial substance. A. What is the amount of gain or loss recognized by Loki Company? (A gain is positive, use a negative sign for a loss). Round to the nearest dollar B. After the exchange, at what amount does Thor Corp record its new equipment? Round to the nearest dollar. E