Klopp Company owes a note to Sarri Bank. During 2020, Klopp's business deteriorated due to a faltering regional economy. On August 3, 2020, Sarri Bank agrees to accept a building and cancel the entire debt. The note has a face value of $350,000 and a discount balance of $48,000 on this date. The building has a cost of $760,000, accumulated depreciation of $521,000, and a fair value of $280,000. How much gain/loss on the disposition of building and on restructuring of debt should Klopp record, respectively? Multiple Choice O loss of $41.000 and gain of $70.000 O gain of $41.000 and gain of $22,000 O loss of $480,000 and gain of $70.000 O gain of $63.000 and gain of $22.000