Arlington llc traded machinery used in its business to a machinery dealer for some new machinery. arlington originally purchased the machinery for $60,000 and it had an adjusted basis of $28,000 at the time of the exchange. the new machinery had a fair market value of $35,000. arlington also received $2,000 of office equipment in the transaction. what is arlington's gain or loss recognized on the exchange?

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is: