Coronado Industries traded machinery with a book value of $$1110200$ and a fair value of $$1820000.$ It received in exchange from Sandhill Co$.$ a machine with a fair value of $$1638000$ and cash of $$182000.$ Sandhill's machine has a book value of $$1769040.$ What amount of gain should Coronado recognize on the exchange $($assume the transaction lacks commercial substance$)?$

$$182000$

$$-0-$

$$70980$

$$709800$