debt. Before restructuring, CMA Co$.$ reported debt of $$22M,$ in addition to interest payable of

$$2M.$ The lender, Dad Corporation, agreed to settle the debt in exchange for inventory with a

book value of $$20M$ and a fair value of $$25M.$

What is the gain on restructuring for CMA?

$$0$M

$$1$M

$$4$M

$$8$M