Hardin company received $40,000 in casth and a used computer with a fair value of $120,000 from Page Corporation for Hardin Company's edsting computer having a fair value of $160,000 and an undepreciated cost of $150,000 recorded on its books. The transaction has no commercial substance, How much gain should hix din recognize on this exchange, and at what amount should the acquired computer be recorded, respectively? Selectone: a. $0 and $110,000 b. $769 and $110,769 c. $40,000 and $150,000 d. $10,000 and $120,000