Concord Corporation traded machinery with a book value of $995760 and a fair value of $922000. It received in exchange from Pharoah Company a machine with a fair value of $1023420. Concord also paid cash of $102342 in the exchange. Pharoahs machine has a book value of $995760. What amount of gain or loss should Concord recognize on the exchange (assuming lack of commercial substance)? $7376 loss $ -0- $73760 loss $102342 gain