During $2024,$ Marquis Company was encountering financial difficulties and seemed likely to default on a $$320,000,8\%,$ four$-$year note d payable to Third Bank. Interest was last paid on December $31,2023.$ On December $31,2024,$ Third Bank accepted $$280,000$ in settleme income taxes, what amount should Marquis report as a gain from the debt restructuring in its $2024$ income statement? Answer choices: $0.65,600.40$k$.16,400$