Horton Stores exchanged land and cash of $5,200 for similar land. The book value and the fair value of the land were $90,000 and $101,400, 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: Gain/(loss) Land a. $106,600 $ 0 b. $106,600 $11,400 C. $ 95,200 $ 0 d. $ 95,200 $11,400 Option A Option B Option C Option D