6 points Ignore the gain/loss calculated above for the following two questions. 1. Assume that 12 recognizes a gain on modification of debt of S2,050,000. Please make the journal entry in 12's books on December 31, 2020 to record the loan modification Account Title Amount Debit 2,050,000 Credit 2,050,000 2. Assume ING recognizes a loss on modification of $3,812,000. Please make the journal entry in ING's books on December 31. 2020 to record the loan modification. Account Title Amount (s) Debit 3,812,000 Credit 3,812.000