Vaughn Manufacturing traded machinery with a book value of \\( \\$ 930300 \\) and a fair value of \\( \\$ 886000 \\). It received in exchange from Ivanhoe Company a machine with a fair value of \\( \\$ 1045480 \\). Vaughn also paid cash of \\( \\$ 159480 \\) in the exchange. Ivanhoe's machine has a book value of \\( \\$ 930300 \\). What amount of gain or loss should Vaughn recognize on the exchange (assuming lack of commercial substance)? \\[ \\begin{array}{l} \\text { \\$44300 loss } \\\\ \\text { \\$-0- } \\\\ \\text { \\$159480 gain } \\\\ \\text { \\$4430 loss } \\end{array} \\]