Bonita Industries traded machinery with a book value of \\( \\$ 949760 \\) and a fair value of \\( \\$ 896000 \\). It received in exchange from Sandhill Co. a machine with a fair value of \\( \\$ 1039360 \\). Bonita also paid cash of \\( \\$ 143360 \\) in the exchange. Sandhill's machine has a book value of \\( \\$ 949760 \\). What amount of gain or loss should Bonita recognize on the exchange (assuming lack of commercial substance)? \\[ \\begin{array}{l} \\text { \\$53760 loss } \\\\ \\text { \\$-0- } \\\\ \\text { \\$143360 gain } \\\\ \\text { \\$5376 loss } \\end{array} \\]