Jimmy has fallen on hard times recently. Last year he borrowed $278,000 and added an additional $54,500 of his own funds to purchase $332,500 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 $250,900. For each of the following independent situations, indicate the amount Jimmy must include in gross income: (Leave no answer blonk. Enter zero if applicable.) c. The real estate is worth $218,500 and Jimmy has $51.900 in other assets but no other liabilities, Scenario 166.600 Amount includible