weber company issued five year 10 bonds on january 2 2011 for 105 par value is 850000 interest is paid semiannually on june 30 and december 31/

Required:
A. Compute the total gain or loss on the constructive retirement of the debt.
B. Allocate the total gain or loss between Weber Company and Fairfield Company.
C. Prepare the book entries related to the bonds made by the individual companies in 2012.
D. Assume that the two companies reported net income as follows: