Use for questions 25 and 26 -- Below is information relative to an exchange of two pieces of equipment owned by Stanton Company with an unrelated company. The exchanges lack commercial substance.Book ValueFair ValueCash Paid for New EquipmentOld Equipment I75,00085,00015,000 Old Equipment II50,00045,000 7,00025. Which of the following would be correct for Stanton to record the new equipment in the first exchange?Record New Equipment at: Record a gain of (loss) of: A. 90,0000B.100,00010,000C. 75,000(5.000)D. 90,00010,000