Pineapple owes Dole a $600,000, 12%, three-year note dated December 31, 2018. Pineapple has been experiencing nancial difculties, and still owes accrued interest of $72,000 on this note at December 31, 2020. Under a troubled debt restructuring, on December 31, 2020, Dole agrees to settle the note plus the accrued interest for land that Pineapple owns, which has a fair value of $540,000. Pineapple's original cost of the land is $435,000. Ignoring income taxes, on its 2020 income statement, what should Pineapple report as a result of the troubled debt restructuring? Gain on Gain on Disposition of Land Restructuring of Debt a. $105,000 $132,000 b. $105,000 $60,000 c. $165,000 $0 d. $237,000 $0