Question 4 Company A exchanged used equipment for another equipment with a fair value of $23,000. The company also received cash of $3,000 in this exchange. The used equipment had a book value of $21,000 and a fair value of $25,500. Using this information, answer the following questions: 1.Does this transaction result in a loss or a gain for Company A? What amount of loss/gain will the company recognize as a result of this transaction, if any?