. Manama Co. and Muharraq Co. have an exchange with no commercial substance. The asset given up by Manama has a book value of $120,000 and a fair value of $135,000. The asset given up by Muharraq has a book value of $220,000 and a fair value of $200,000 Cash of $65,000 is received by Muharraq. What amount should Manama record for the asset received? A $200,000 O B. $195,000 OC $135,000 D. $185,000