Wildhorse Co. traded machinery with a book value of $500000 and a fair value of $1050000. It received in exchange from Sunland Company a machine with a fair value of $945000 and cash of $105000. Sunland's machine has a book value of $997500. What amount of gain should Wildhorse recognize on the exchange (assuming lack of commercial substance)? $550000 $55000 $105000 $-0