A company exchanged land and $$9,000$ cash for equipment. The book value and the fair value of the land were $$106,000$ and $$90,000,$ respectively.

Assuming that the exchange has commercial substance, the company would record equipment and a gain$($loss$)$ on exchange of assets in the amounts of:

$\backslash$table$[[,$Equipment,Gain $($loss$)],[$a$.,$$$99,000,$$$(16,000)$