Below is the information relative to an exchange of assets by Oriole Company. The exchange lacks commercial substance. Old Equipment Book Value Fair Value Cash Paid Case I $464000 $512000 $87500 Case II $287000 $253500 $41100 Which of the following would be correct for Oriole to record in Case II? Record Equipment at: Record a gain (loss) of: Select answer from the options below $294600 $(33500) $287000 $(7600) $328100 $33500 $287000 $7600