Below is Information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commercial substance. Old Equipment Cash Fair Value Book Value Paid $60,100 Case A $49,300 $15,900 $ 7,000 Case B $40,800 $34,100 In Case B, Grand Forks would record a gain/(loss) of Multiple Choice $(6,700) $300. $300) $6700