Swifty Corporation traded machinery with a book value of $1140000 and a fair value of $1900000. It received in exchange from Blossom Company a machine with a fair value of $1710000 and cash of $190000. Blossoms machine has a book value of $1846800. What amount of gain should Swifty recognize on the exchange (assuming lack of commercial substance)? a. $190000

b. $760000

c. $ -0-

d. $76000