Horton Stores exchanged land and cash of $4,200 for similar land. The book value and the fair value of the land were $88,700 and $101,900, respectively. Assuming that the exchange has commercial substance, Horton would record land-new and a gain/(loss) on exchange of assets in the amounts of: Land Gain/(loss) a. $106,100 $ 0 b. $106,100 $13,200 C. $ 92,900 $ 0 d. $ 92,900 $13,200