On April 1, Year 1, Lamp Inc. contributed a patent to Frame Co., a JV. The patent had a book value of $70,000 and a fair value of $300,000. In return for the patent, Lamp received a 35% interest in Frame. Assume that the transaction has commercial substance. How much will Lamp recognize as a gain on disposal related to this transaction at the time of investment? Assume Lamp prepares its financial statements in accordance with IFRS. Question 19 options: a) $0 b) $80,500 c) $230,000 d) $149,500