The Ameale Company purchased a 3D printer on Jan 2, 2015 at $1,043,000. The company uses straight line depreciation method for all of its long-term depreciable assets. At the time of the purchase, Ameale estimated that the residual value of the laser equipment after 6 years of service life will be $35,000. On June 1, 2019, Ameale traded its 3D printer for the newer 4D printer manufactured by American Printer Association. Ameale also paid American Printer Association $546,000 in cash as part of the exchange. Assuming the fair value of the 3D printer is $210,000 in 2019, which of the following correctly describes the above exchange? Fair value of the new equipment: $756,000; Loss: (77,000) Fair value of the new equipment: $868,000; Loss: (91,000) Fair value of the new equipment: $868,000; Gain: 77,000 Fair value of the new equipment: $756,000; Loss: (91,000)