Time left 0:53:28 Havre Company exchanged land used in its business for some new land (like-kind property). Havre originally purchased the land for $25,000. The new land had a fair market value of $35,000. Havre also received $2,000 of office equipment in the transaction. What is Havre's gain or loss recognized on the exchange? 2 A BI U E E %3