On January 1,2021 , Vishnu Corporation became the founder venturer of Juggernaut Inc., a joint venture with two other venturers. Vishnu contributed equipment to the joint venture. The equipment was originally purchased by Vishnu for $2,200,000, and had a current carrying amount of $1,300,000 with an estimated useful life remaining of 4 years. The venturers agreed that the equipment's fair value was $1,500,000, and as a result, Vishnu was paid $300,000 in cash along with a 33% share of Juggernaut's net assets. During 2021, Juggernaut earned net income of $600,000 and paid $120,000 in dividends. Assuming that the transfer did not possess commercial substance, what is the total amount of the gain realized by Vishnu for the year 2021 ? Ignore taxes. $80,000 $150,500 $134,000 $40,000 On January 1,2021 , Vishnu Corporation became the founder venturer of Juggernaut Inc., a joint venture with two other venturers. Vishnu contributed equipment to the joint venture. The equipment was originally purchased by Vishnu for $2,200,000, and had a current carrying amount of $1,300,000 with an estimated useful life remaining of 4 years. The venturers agreed that the equipment's fair value was $1,500,000, and as a result, Vishnu was paid $300,000 in cash along with a 33% share of Juggernaut's net assets. During 2021, Juggernaut earned net income of $600,000 and paid $120,000 in dividends. Assuming that the transfer did not possess commercial substance, what is the total amount of the gain realized by Vishnu for the year 2021 ? Ignore taxes. $80,000 $150,500 $134,000 $40,000