Transcribed image text: Use the following information to answer questions 44 & 45. Below is the information relative to an exchange of assets by Stanton Company. The exchanges lack commercial substance Old Equipment Cash Paid Book Value Fair Value Case $300,000 $340,000 Case 1 $200,000 $180,000 Equipment should be recorded at what value $60,000 $28,000 QUESTION 45 Stanton would record a gain or loss of what amount? Hint: If your answer is again just write a positive number. If your answer is a loss, write it as a negative if your answer is neither again or loss record aso