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Grayson agreed to provide tree removal services valued at $700 to his sons orthodontist. Grayson had an outstanding balance of $930 with the orthodontist. The

Grayson agreed to provide tree removal services valued at $700 to his sons orthodontist. Grayson had an outstanding balance of $930 with the orthodontist. The orthodontist agreed to write off the debt in exchange for the tree removal service. Calculate the amount, if any, of income Grayson must realize

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