Calaveras Tire exchanged equipment for two pickup trucks. The book value and fair value of the equipment were $26,000 (original cost of $74,000 less accumulated depreciation of $48,000) and $33,000, respectively. To equalize fair values, Calaveras paid $6,000 in cash. Assume the exchange lacks commercial substance. At what amount will Calaveras value the pickup trucks? How much gain or loss will the company recognize on the exchange?