Concord Corporation traded machinery with a book value of $1087630 and a fair value of $1783000. It received in exchange from Ivanhoe Company a machine with a fair value of $1737000 and cash of $193000. Ivanhoe's machine has a book value of $1823850. What amount of gain should Concord recognize on the exchange (assuming lack of commercial substance) $695370 $-0- $69537 $193000