Jamos Co. exchanged equipment and $18,600 cash for similar equipment. The book value and the fair value of the oid equipment were $80,900 and 90,200, respectively. Assuming that the exchange has commercial substance, Alamos would record a gain(loss) of: Multiple Cholce: $9300 59,300 50 327,000 I company purchased land for $90,000 cash. Commissions of $12,000, property taxes of $12,500, and tife insurance of $3,800 were also incurred. The $12,500 in property taxes includes $7,000 in back taxes paid by the company on behaif of the seller and $5,500 due for the current year after the ourchase date. For what amount should the company record the land? Multiple Orion 5109,000 sin2800. 5118,300 490,000