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On 3/2/20, Emily loaned her unemployed son George $15,000 to purchase a car. This year, George repaid $3,000 and then, because Emily had won the

On 3/2/20, Emily loaned her unemployed son George $15,000 to purchase a car. This year, George repaid $3,000 and then, because Emily had won the lottery, she forgave the remaining balance on 3/2/21. H...

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