Investment-Related Exclusions (LO, 6) Enter in the entry field the amount of income Marvin must recognize for each scenario that follows. If an amount is zero, enter "0". Marvin owes Central State Bank $80,000. The bank agrees to reduce the debt to $60,000. Prior to the debt reduction, Marvin's assets total $350,000 and his liabilities are $330,000. Marvin owes Central State Bank $80,000. The bank agrees to reduce the debt to $60,000. Prior to the debt reduction, Marvin's assets total $350,000 and his liabilities are $400,000. Marvin owes Central State Bank $80,000 in the form of a mortgage on his principal residence. The bank agrees to reduce the debt to $60,000. Prior to the debt reduction, Marvin's assets total $350,000 and his liabilities are $400,000