What is the exchange result assuming that the exchange has commercial substance?

Equipment was acquired for $258,000 and has accumulated depreciation of $194,000. The business exchanges this equipment for new equipment. The new equipment has a market value of $202,000 and the business pays $153,000 cash. Assume the exchange has commercial substance. The exchange results in o o o o A. B. c. D. gain $138,000 loss $138,000 gain $15,000 loss $15,000