Exercise 18-33 (Algorithmic) (LO.4) Mason canceled a note issued by Emma (Mason's niece) that arose in connection with the sale of property. At the time of the cancellation, the note had a basis to Mason of $316,600, a face amount of $569,880, and a fair market value of $427,410. Presuming that the initial sale by Mason qualified as an installment sale, how much gain does the cancellation result in for Mason