Please hurry will upvote!

Question 15 4 pts Pitchfork, Company exchanges equipment with an original cost of $150,000 and Accumulated Depreciation of $25,000 for a similar piece of equipment with a fair value of $110,000 and $42,000 cash is received. The exchange lacks commercial substance. Determine what Pitchfork should record as the Original Cost of the NEW equipment and the amount of the gain for this exchange, respectively. New Equipment Gain $110,000 new equipment, $27,000 gain $90,461 new equipment, $7,461 gain $110,000 new equipment, $7,461 gain $83,000 new equipment, $ 0 gain