Gold Company was experiencing financial difficulties but was not bankrupt or insolvent. National Bank, which held a mortgage on other real estate owned by Gold, reduced the principal from $110,000 to $85,000. The bank had made the loan to Gold when it purchased the real estate from Silver, Inc. Pink, Inc., the holder of a mortgage on Gold's building, agreed to accept $40,000 in full payment of the $55,000 due. Pink had sold the building to Gold for $150,000 that was to be paid in installments over eight years. As a result of the above, Gold must: Oa. Include $40,000 in gross income. Ob. Reduce the basis in its assets by $40,000. Oc. Include $25,0C in gross income and reduce its basis in its assets by $15,000. Od. Include $15,000 in gross income and reduce its basis in the building by $25,000. QUESTION 20 Jane, whose husband died in November 2019, maintains a household in which her dependent child lives. Which (if any) of the following is her filing status for the tax year 2020? (Note: Jane is the executor of her husband's estate.) Oa. Single Ob. Married, filing separately Oc. Surviving spouse Od. Head of household