Below is the information relative to an exchange of assets by Swifty Corporation. The exchange lacks commercial substance. Old Equipment Book Value Fair Value $448000 $501000 $276000 $258500 Case 1 Case II Cash Paid $88500 $35400 Which of the following would be correct for Swifty to record in Case Il? Record Equipment at Record a gain (loss of $311400 $17500 5276000 $(17900) $293900 $(175001