Iniesta Company sold machinery with an original cost of $220,000 and accumulated depreciation of $30,000. He received in exchange from Xavi Company a machine with a fair value of $200,000. Iniesta also paid $20,000 in cash in the trade. Xavi's machine has a book value of $190,000. 

What amount of gain or loss should Iniesta recognize in the exchange assuming the transaction lacks commercial substance?