Clarksten Co. and Kay Inc. exchange equipment. Information related to this exchange for both companies follows. Round your answers to the nearest whole number. Clarksten Co. Kay Inc. Equipment given up: Equipment (original cost) $90,000 $105,000 Accumulated depreciation 30,000 36,000 Fair value 54,000 72,000 Cash exchanged (18,000) 18,000 Kay Inc. should record the new equipment, assuming the transaction lacks commercial substance, at O $54,000. O $90,000. O $72,000. O $69,000