Horton Stores exchanged land and cash of $5,100 for similar land. The book value and the fair value of the land were $88,200 and $101,800, respectively. Assuming that the exchange has commercial substance, Horton would record land-new and a gain/(loss) on exchange of assets in the amounts of: Gain/(loss) a. b. Land $106,900 $106,900 $ 93,300 $ 93,300 $13,600 $ $13,600 d. Multiple Choice Option A Option B