Below is the information relative to an exchange of assets by Stanton Company. The exchange lacks commercial substance. Old Equipment Book Value Fair Value Cash Paid Case 1 $75,000 $85,000 $15,000 Case 11 $50,000 $45,000 $7,000 Which of the following would be correct for Stanton to record in Case II? a. b. C. d. Record Equipment at: $57,000 $50,000 $52,000 $50,000 Record a gain of loss) of: $5,000 $2,000 $(5,000) $(2,000)