China Inn and Midwest Chicken exchanged assets. China Inn received a delivery truck and gave equipment. The fair value and book value of the equipment were $18,000 and $10,400 (original cost of $37,000 less accumulated depreciation of $26,600), respectively. To equalize market values of the exchanged assets, China Inn paid $8,200 in cash to Midwest Chicken. 1. At what amount did China Inn record the delivery truck? 2. How much gain or loss did China Inn recognize on the exchange?