On December 31, 2011, Short Co. is in financial difficulty and cannot pay a note due that day. It is a $750,000 note with $75,000 accrued interest payable to Bryan, Inc. Bryan agrees to forgive the accrued interest, and extend the maturity date to December 31, 2013, and reduce the interest rate to 4%. The present value of restructured cash flows is $642,000. Prepare enteries for the following: A) The restructure on Short's books. B) The payment of interest on December 31, 2012. C) The restructure on Bryan's books.