Exercise 135 Equipment that cost $392,100 and has accumulated depreciation of $314,600 is exchanged for equipment with a fair value of $160,000 and $40,000 cash is received. The exch lacked commercial substance, Calculate the gain to be recognized from the exchange Gain recognized Prepare the entry for the exchange, Show a check of the amount recorded or the new rquiment.(Creadit account esaeutatlyen the amasun entered. Do not indent manually) Account Tithes and Explanation F1 rssert 8 8 9 5 6