Publix Corporation traded in a blue, used delivery vehicle with a book value of $$60,000($cost $$110,000$

less accumulated depredation of $$50,000)$ and a fair value of $$100,000.$ It receives in exchange a green

delivery vehicle with a fair value of $$90,000$ plus cash of $$10,000.$ This exchange lacks commercial

substance.

a$.$ What is the total gain, if any, on this exchange?

b$.$ What amount of gain, if any will be recorded on this exchange?