On December 31, 2019, Spear Co. is in financial difficulty and cannot pay a note due that day. It is a $360,000 note with $30,000 ccrued interest payable to Nilsen, in Nilsen agrees to accept from Spoar a 20,000 of its ordinary shares ($10), which have fair value of $25 per share in full settlement of the loan obligation The journal entry for Spear Co to record this debt settlement would include which of the following? O A Debit Loss on Extinguishment of Debt $110,000 B. Credit Guinot Extinguishment of Debt 5190.000 OC. Credit Share Capital - Ordinary $360,000 D. Credit Share Premium - Ordinary $500,000