On July 1, 2019, ABC Co. exchanged old machinery equipment for new machinery equipment and received $10,000 in the exchange. Additional information is as follows: ABC's old equipment info: Equipment (original cost) Accumulated depreciation (updated through 7/1/19) Fair market value of equipment $175,000 $70,000 $125,000 Assume that the transaction has NO commercial substance, what is the amount of gain recognized in this nonmonetary exchange transaction? To answer this question, simply type the "amount (number)" in the blank. Answer: