Current Attempt in Progress

Bramble Football Co$.$ had a player contract with Watts that is recorded in its books at $$8410000$ on July $1,2025.$ Blossom Football Co$,$ had a player contract with Kurtz that is recorded in its books at $$11050000$ on July $1,2025.$ On this date, Bramble traded Watts to Blossom for Kurtz and paid a cash difference of $$1105000.$ The fair value of the Kurtz contract was $$12600000$ on the exchange date. The exchange had no commercial substance. After the exchange, the Kurtz contract should be recorded in Bramble's books at

$$12600000.$

$$12155000.$

$$9515000.$

$$11050000.$