Farhad canceled a note issued by Emma (Farhad's niece) that arose in connection with the sale of property. At the time of the cancellation, the note had a basis to Farhad of $282,300, a face amount of $508,140, and a fair market value of $381,105. Presuming that the initial sale by Farhad qualified as an installment sale, how much gain does the cancellation result in for farhad