Pratt Industries owes First National Bank $5million but, due to financial difficulties, is unable to comply with theoriginal terms of the loan. The bank agrees to settle the debt in exchangefor land having a fair value of $3 million. The book value of the propertyon Pratts books is $2 million. For the reporting period in which the debt is settled, what amount(s) will Pratt report on its income statement in connection with the troubled debt restructuring