Felicia is a talented telemarketer. She has only $70,000 of assets, but has accumulated total debts of $80,000, including $15,000 of debt on her last remaining credit card. Felicia has been able to keep up with the interest payments (finance charges) but is falling behind in paying the $15,000 of principal. How much gross income must Felicia recognize if she agrees to provide, and does provide, a two-week training session for the credit card company's telemarketing supervisors. Normally Felicia would receive $12,000 for such a training session. The credit card company agrees to cancel Felicia's $15,000 debt in exchange for the training session.