Jimmy has fallen on hard times recently. Last year he borrowed $348,000 and added an additional $84,500 of his own funds to purchase $432,500 of undeveloped real estate. This year the value of the real estate dropped dramatically, and Jimmy's lender agreed to reduce the loan amount to $327,400. For each of the following independent situations, indicate the amount Jimmy must include in gross income: Note: Leave no answer blank. Enter zero if applicable. Required: a. The real estate is worth $268,900 and Jimmy has no other assets or liabilities. b. The real estate is worth $337,250 and Jimmy has no other assets or liabilities. c. The real estate is worth $291,900 and Jimmy has $52,300 in other assets but no other liabilities. Complete this question by entering your answers in the tabs below. Required A Required B Required C The real estate is worth $268,900 and Jimmy has no other assets or liabilities. Scenario A Amount Included in Gross Income < Required A Required B >