18 Required information Part 2 of 3 (The following information applies to the questions displayed below.) - Jimmy has fallen on hard times recently. Last year he borrowed $304,000 and added an additional $59,000 of his own funds to purchase $363,000 of undeveloped real estate. This year the value of the real estate dropped dramatically, and Jimmy's lender agreed to reduce the loan amount to $282,200. 0.2 points For each of the following independent situations, indicate the amount Jimmy must include in gross income: (Leave no answer blank. Enter zero if applicable.) eBook b. The real estate is worth $289,150 and Jimmy has no other assets or liabilities. Print Scenario B Amount Includible References