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Sheridan Corporation owns machinery with a book value of $564000. At fiscal year-end 2026 , is estimated that the machinery will generate future cash flows of $596000. If the machinery has a fair value of $430000 at that time, Sheridan should recognize a loss on impairment of $149000. $166000. $32000. $0. Marigold Inc. and Cullumber Co. have an exchange with no commercial substance. The asset given up by Marigold Inc. has a book value of $57500 and a fair value of $92500. The asset given up by Cullumber Co. has a book value of $122500 and a fair value of $107500. Boot of $15000 is received by Cullumber Co. What amount should Cullumber Co. record for the asset received