Below is Information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commercial substance 16 Old Equipment Book Value Fair Value $49,200 $59,400 $39,100 $34,800 Case A Case 8 Cash Paid $14,300 $ 8,300 00:49:08 In Case B, Grand Forks would record a gain(ass) on exchange of assets in the amount of Multiple Choice $14.300) $14,000 $4,000 $4.300