The o'hara group is owed $1,000,000 by hilton enterprises under an 8% note with three years remaining to maturity. the prior year of interest was unpaid. o'hara agrees to restructure the note under terms that yield a present value of $880,000. the journal entry that o'hara would make to record this transaction would include a loss on troubled debt restructuring of: $0. $80,000. $220,000. $200,000.

David paid $975,000 for two beachfront lots in coastal south carolina, with the intention of building residential homes on each. two years later, the south carolina legislature passed the beachfront management act, barring any further development of the coast, including david's lots. when david files a complaint to seek compensation for his property, south carolina refuses, pointing to a passage in david's own complaint that states "the beachfront management act [was] properly and validly designed to south carolina's " is south carolina required to compensate david under the takings clause?