Calaveras Tire exchanged machinery for two pickup trucks. The book value and fair value of the machinery were $24,000 (original cost of $71,000 less accumulated depreciation of $47,000) and $19,000, respectively. To equalize fair values, Calaveras paid $5,000 in cash.

At what amount will Calaveras value the pickup trucks?

Assume the exchange has commercial substance. How much gain or loss will the company recognize on the exchange?