Cindy owes $28,000 to Pacific Bank on December 31, 2020. She also has an additional $10,000 of credit card debt. On January 1, 2021, Pacific Bank informs Cindy that they will be discharging her $26,000 debt. Does Carly have gross income based on her possible net worth amounts listed below?

1. Cindy has only $3,000 in assets.

2. Cindy has only $16,000 in assets.

3. Cindy has only $38,000 in assets.