Bloomington Inc. exchanged land for equipment and $2,400 in cash. The book value and the fair value of the land were $104,500 and $89,800, respectively. Bloomington would record equipment and a gain/(loss) of: Equipment Gain/(loss) Multiple Choice $87,400 $(14,700) O $87,400 $2,400. O $104,500 $(2,400). O All of these answer choices are incorrect