Question 18 (4 points) Alamos Co. exchanged equipment for new equipment. Alamos also paid $17,000 cash in the exchange. The book value of the old equipment was $81,600 and fair value of new equipment was $108,000. Assuming that the exchange lacks commercial substance, Alamos would record a gain/(loss) of: a) $26,400. Ob) $ 9,400. c) $(9,400) d) $0