Horton Stores exchanged land and cash of $4300 for similar land. The book value and the fair value of the land were $89,800 and $100,300, respectively Assuming that the exchange lacks commercial substance, Horton would record land-new and a gain/(loss) on exchange of assets in the amounts of Gain/(loss) a. b. Land $104,400 $104,400 $ 0 $10,500 C. $ 93,900 $ 0 d. $ 93,900 $10,500 Multiple Choice Option A Option B Option C Option D D