A printing press priced at a fair market value of $586,500 is acquired in a transaction that has commercial substance by trading in a similar press and paying cash for the difference between the trade-in allowance and the price of the new press. a. Assuming that the trade-in allowance is $258,100, what is the amount of cash given? $ b. Assuming that the book value of the press traded in is $232,300, what is the gain or loss on the exchange? $