Two independent companies, Beam and Joseph, own parcels of land. Each company uses its land in its business operations. Due to the distance each parcel is located from each company's warehouse; the two companies agree to exchange their land. Beams land has a book value of $80,000.

Assume Beam receives land with a fair market value of $100,000 and the transaction has commercial substance. What is the amount of Beam's recognized gain, if any, from the exchange?