Martin Company received $80,000 in cash and a used computer with a fair value of $240,000 from Hamilton Corporation for Martin Company's existing computer having a fair value of $320,000 and a book value of $300,000 recorded on its books. The transaction has commercial substance. How much gain should Martin recognize on this exchange, and at what amount should the acquired computer be recorded, respectively Select one O a $0 and $220,000 Ob $1,537 and $221,537 O c. $20,000 and $240,000 Od $80,000 and $300,000 None of these choices Seamy choice