Dunder Company traded machinery with a book value of $1,080,000 and a fair value of $1,800,000. It received in exchange from Kojack Company a machine with a fair value of $1,620,000 and cash of $180,000. Kojacks machine has a book value of $1,710,000. What amount of gain should Dunder recognize on the exchange (assuming lack of commercial substance)?

Group of answer choices

$ -0-

$72,000

$180,000

$720,000