Pensacola Inc. purchased equipment on January 1, 2016 for $135,000. After 3 years Pensacola exchanged the equipment for a truck vom Mom, Inc. in a non mone exchange. The balance in the rocumulated Depreciation account at the time of the exchango was $75,000, At the time of the exchange, assume the fair value of the equipment was $77,000 and the fair value of the truck was $87,000. Momi paid $20,000 lboot to Pensa Assume the exchange lacks commercial substance See *18 above. What is the gain or loss to be recorded by Pensacola? $0 $4415 $12,585 $17,000 None of the above