Pensacola Inc. exchanged old equipment for new equipment in two exchange transactions. Each transaction has commercial substance. Old Equipment Book Value Fair Value $73,600 $81,700 $61,000 $54,800 Equipment A Equipment B Cash Received $12,300 $10,500 For Equipment A. Pensacola would record the new equipment at Multiple Choice $70,900. $56,900 $70,900. 3 $56.900 $69.400. $73.650