Mac Co. is indebted to Angelo under a P600,000, 12%, three-year note dated December 31, 2019. Because of Mac's financial difficulties developing in 2021, Mac owed accrued interest of P72,000 on the note at December 31, 2021. Under a troubled debt restructuring, on December 31, 2021, Angelo agreed to settle the note and accrued interest for a tract of land having a fair value of P540,000. Mac's acquisition cost of the land is P435,000, Ignoring income taxes, on its 2021 income statement Mac should report as a result of the troubled debt restructuring oa. Gain on disposal P105,000: Restructuring gain P132,000 O b. Oain on disposal P237,000: Restructuring gain PO O c. Gain on disposal P105,000: Restructuring gain P60,000 O d. Gain on disposal P165,000, Restructuring gain PO