Bloomington Inc. exchanged land for equipment and $2,300 in cash. The book value and the fair value of the land were $104,300 and $88,500, respectively. Bloomington would record equipment and a gain/(loss) of: Equipment Gain/(loss) Multiple Choice All of these answer choices are incorrect. $86,200 $(15,800). $86,200 $2,300. $104,300 $(2,300)