Calaveras Tire exchanged machinery for two pickup trucks. The book value and fair value of the machinery were $26,000 (original cost of $74,000 less accumulated depreciation of $48,000) and $20,000, respectively. To equalize fair values, Calaveras paid $6,000 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?