Horton Stores exchanged land and cash of $5,200 for simillar land. The book value and the falr value of the land were $89,900 and $101,100, respectively. Assuming that the exchange has commercial substance, Horton would record land-new and a gain/lloss) of Land Galn/loss) $95100 $11.200. O $106,300 $0 $106.300 $1.200