Nello Company owed $23,400 overdue rent to its landlord, Bonview Inc. Because Nello is a desirable tenant, Bonview agreed to settle the overdue account for a $15,000 cash payment from Nello. Both Nello and Bonview are accrual basis taxpayers. a. What is the tax consequence to Nello of the settlement of its $23,400 account payable to Bonview? Compute Nello's net cash outflow from the settlement assuming its tax rate is 35 percent. b. What is the tax consequence to Bonview of the settlement of its $23,400 account receivable from Nello? Compute Bonview's net cash inflow from the settlement assuming its tax rate is 21 percent. Complete this question by entering your answers in the tabs below. Required A Required B What is the tax consequence to Nello of the settlement of its $23,400 account payable to Bonview? Compute Nello's net cash outflow from the settlement assuming its tax rate is 35 percent. Income recognized Tax cost Net cash outflow RequiredA Required B Complete th is question by entering your answers in the tabs below. Required A Required B What is the tax consequence to Bonview of the settlement of its $23,400 account receivable from Nello? Compute Bonview's net cash inflow from the settlement assuming its tax rate is 21 percent. Deductible expense Tax savings Net cash inflow Required A Required B