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Wildhorse Co. traded machinery with a book value of $535000 and a fair value of $1015000. It received in exchange from Crane Company a machine

Wildhorse Co. traded machinery with a book value of $535000 and a fair value of $1015000. It received in exchange from Crane Company a machine with a fair value of $913500 and cash of $101500. Cranes machine has a book value of $964250. What amount of gain should Wildhorse recognize on the exchange (assuming lack of commercial substance)?

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