Case A. Kapono Farms exchanged an old tractor for a newer model. The old tractor had a book value of $17,500 (original cost of $39,000 less accumulated depreciation of $21,500) and a fair value of $10,100. Kapono paid $31,000 cash to complete the exchange. The exchange has commercial substance. Case B. Kapono Farms exchanged 100 acres of farmland for similar land. The farmland given had a book value of $555,000 and a fair value of $810,000. Kapono paid $61,000 cash to complete the exchange. The exchange has commercial substance. rev: 06_22_2019_QC_CS-171508, 01_16_2020_QC_CS-195439 1. What is the amount of gain or loss that Kapono would recognize on the exchange of the land