Below is information relative to an exchange of similar assets by Grand Forks Corp. Assume the exchange has commercial substance. old Equipment Book Value Fair Value $49,300 $60,600 $40,800 $34,400 Cash Paid $15, 100 $ 8,100 Case A Case B In Case B, Grand Forks would record a gain/(loss) on exchange of assets in the amount of: Multiple Choice $4,800. O O $6,400. O $ $(4,800). O O $(6,400)