Horton Stores exchanged land and cash of $5,300 for similar land. The book value and the fair value of the land were $88,000 and $101,900, respectively. Assuming that the exchange has commercial substance, Horton would record land—new and a gain/(loss) on exchange of assets in the amounts of: Land Gain/(loss) a. $ 107,200 $ 0 b. $ 107,200 $ 13,900 c. $ 93,300 $ 0 d. $ 93,300 $ 13,900 Multiple Choice Option A Option B Option C Option D