Current Attempt in Progress Blossom Company traded machinery with a book value of $565000 and a fair value of $985000. It received in exchange from Sunland Company a machine with a fair value of $886500 and cash of $98500. Sunland's machine has a book value of $935750. What amount of gain should Blossom recognize on the exchange (assuming lack of commercial substance)? O $42000 O $-0- O $98500 O $420000 e Textbook and Media Save for Later Attempts: 1 of 2 used Submit