Below Is Information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commerclal substance. Old Equipment Cash Book Value Fair Value Paid $49,100 $40,200 Case A $59,800 $16,000 $ 7,100 Case B $35,000 In Case A, Grand Forks would record the new equipment at Multiple Choice $49,100 $65,100 $75,800. $59,800