Below is Information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commercial substance. old Equipment Cash Book Value Fair Value Paid Case A $49,400 $60,500 $15,600 Case B $40,100 $35,500 $ 7,700 In Case A, Grand Forks would record the new equipment at: Multiple Choice $76,100. $60,500. $65,000. $49,400