Indianapolis Football had a player contract with Bryant that is recorded in its books at $5,600,000 on July 1, 2020. Green Bay Football had a player contract with Crosby that is recorded in its books at $7,000,000 on July 1, 2020. On this date, Indianapolis traded Bryant to Green Bay for Crosby and paid a cash difference of $700,000. The fair value of the Crosby contract was $8,400,000 on the exchange date. Assuming the exchange had no commercial substance, how should the Crosby contract be recorded in Indianapolis' books? O $7,000,000 O $8,400,000 O $7,700,000 O $6,300,000