Equipment Was Acquired for $210,000 and Has Accumulated Depreciation of $87,000.The

Equipment was acquired for $210,000 and has accumulated depreciation of $87,000.The business exchanges this equipment for new equipment.The new equipment has a market value of $303,000 and the business pays $58,000 cash.Assume the exchange has commercial substance.The exchange results in ________.

A) loss $122,000
B) gain $180,000
C) gain $122,000
D) loss $180,000