Company A had a machine with a carrying amount of P450,000. Company B had a delivery vehicle with a carrying amount of P300,000. Companies A and B exchanged the machine and vehicle, and Company B paid...

Company A had a machine with a carrying amount of P450,000.  Company B had a delivery vehicle with a carrying amount of P300,000.  Companies A and B exchanged the machine and vehicle, and Company B paid an additional P90,000 cash as part of the exchange.  Assume that the fair value of the delivery vehicle is P420,000.  The exchange has commercial substance.

How much gain or loss should be recorded by Company B?