Required information The following information applies to the questions displayed below) Jimmy has fallen on hard times recently. Last year he borrowed $310,000 and added an add vonal $99 000 of his own funds to purchase $409,000 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 $282,100. For each of the following independent situations, indicate the amount Jimmy must include in gross income: (Leave no answer blank. Enter zero if applicable.) a. The real estate is worth $220,000 and Jimmy has no other assets or liabilities Scenario A Amount includible 12 13 14 Of 19 9 o