Two Independent companies, Sunland Co$.$ and Blossom Co$.,$ are in the home building business. Each owns a tract of land held for development, but each would prefer to build on the other's land. They agree to exchange their land. An appraiser was hired, and from her report and the companies' records, the following information was obtained: Sunland's Land Cost and book value $$580500,$ Fair value based upon appraisal $$810000$ and Blossom's Land Cost and book value $$271800,$ Fair value based upon appraisal $$645300.$ The exchange was made, and based on the difference in appraised fair values, Blossom paid $$164700$ to Sunland. The exchange lacked commerical substance. Sunland should recognize a gain on this exchange of