The Bacon Company acquired new machinery with a price of $14,530 by trading in similar old machinery and paying $13,077.00. The old machinery originally cost $8,315 and had accumulated depreciation of $6,652.00. In recording this transaction, what should Bacon Company record?

a.a gain of $210.00

b.the new machinery at $12,867.00

c.a loss of $210.00

d.the new machinery at $13,077.00