Below is information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commercial substance. Old Equipment Book Value Case A $49,200 Case B $39,100 Fair Va $60,900 $35,10 Old Equipment Cash Value Fair Value Paid ,200 $60,900 $14,600 ,100 $35,100 $ 8,400 In Case A, Grand Forks would record the new equipment at: Multiple Choice $60,900. $75,500. $49,200. $63,800