Hopelis 10, 11, and 12 Question 23 of 30 0 38:02 View Policies -0.4 Current Attempt in Progress Marigold Corp.traded machinery with a book value of $731400 and a fair value of $690000. It received in exchange from Cullumber Company a machine with a fair value of $830000. Marigold also paid cash of $83000 in the exchange. Cullumber's machine has a book value of $731400. What amount of gain or loss should Marigold recognize on the exchange (assuming lack of commercial substance)? O $83000 gain O $41400 loss O $4140 loss O $-0- Save for Later Last saved 1 second ago. Saved work will be auto-submitted on the due date. Attempts: 0 of 1 used Submit