Hilly International was in financial trouble. They owed Scrooge Bank 215,000 on a 6% note payable plus accrued interest of

21 Hilly International was in financial trouble. They owed Scrooge Bank 215,000 on a 6% note payable plus accrued interest of $18,000. Scrooge Bank agreed to take 3 annual payments of $70,000 to cover the debt. The first payment was due in one year. What is the amount of the gain on TDR (if any)? Gain on TDR