Horton Stores exchanged land and cash of $4,300 for similar land. The book value and the fair value of the land were $89.200 and $100,800, respectively. 4. Assuming that the exchange lacks commercial substance. Horton would record land-new and again/loss) on exchange of assets in the amounts of 25 b. Land $105,100 $105,100 $ 93,500 $ 93,500 Gain/(loss) $ $11,600 $ $11,600 02:443 d. Multiple Choice Option Option Option B Option ME Type here to search o RI