hunter sailing company exchanged an old sailboat for a new one. the old sailboat had a cost of $100,000 and accumulated depreciation of $20,000. the new sailboat had an invoice price of $121,000. hunter received a trade in allowance of $84,000 on the old sailboat, which meant the company paid $37,000 in addition to the old sailboat to acquire the new sailboat. if this transaction has commercial substance, what amount of gain or loss should be recorded on this exchange? multiple choice $4,000 gain $84,000 gain $80,000 loss $4,000 loss $0 gain or loss