Braxwell Corporation exchanged old equipment for similar new equipment. Assume the exchange has commercial substance. Old Equipment Cash Book Value Fair Value Paid Case A $ 49,200 $ 59,900 $ 14,200 Case B $ 39,400 $ 34,300 $ 8,600 In Case B, Braxwell would record a gain/(loss) on exchange of assets in the amount of:

Multiple Choice $5,100. $3,500. $(3,500). $(5,100).