96. Noach Company traded machinery with a book value of $190,000 and a fair value of $180,000. It received in exchange from Hinrich Company a machine with a fair value of $200,000. Noach also paid cash of $20,000 in the exchange. Hinrich's machine has a book value of $190,000. What amount of gain or loss should Noach recognize on the exchange? a. $20,000 gain b. $ -0-. c. $1,000 loss d. $10,000 loss