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Several years ago, Lilya took out a loan from Safe Credit Union. Lilya agreed to make monthly principal and interest payments for 1 5 years

Several years ago, Lilya took out a loan from Safe Credit Union. Lilya agreed to make monthly principal and interest payments for 15 years .
This year, the bank canceled $24,930 of the outstanding loan. At the time, Lilya had total assets of $100,950 and total liabilities of $ 103,723.
What amount of gross income does Lilya recognize as a result of the cancellation of debt?

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