Question 15 of 20 - / 0.4 View Policies Current Attempt in Progress Bonita Industries traded machinery with a book value of $949760 and a fair value of $896000. It received in exchange from Sandhill Co. a machine with a fair value of $1039360. Bonita also paid cash of $103936 in the exchange. Sandhill's machine has a book value of $949760. What amount of gain or loss should Bonita recognize on the exchange (assuming lack of commercial substance)? $103936 gain $5376 loss O $-0- $53760 loss Save for Later