(4) The following information pertains to the transfer of real estate in regards to a troubled debt restructuring by Sigma Co. to Beta Co. in full settlement of Sigma's liability to Beta: Carrying amount of liability settled Carrying amount of real estate transferred Fair value of real estate transferred $375,000 $250,000 $400,000 What amount should Beta report as a gain or (loss) on restructuring? a) $100,000 ordinary loss. b) $100,000 extraordinary loss. c) $125,000 ordinary loss. d) $25,000 extraordinary gain