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thank you Alpha Corp. owns 100% of Beta Co. Beta has invested in Alpha Bonds with a $1 million face value. Each company's December 31,

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Alpha Corp. owns 100% of Beta Co. Beta has invested in Alpha Bonds with a \$1 million face value. Each company's December 31, 2022 balances in connection with these bonds are shown below. Balances on Alpha's Books: The consolidating entry B to eliminate the inter-company debt will include a: a. Debit to Loss on Extinguishment of Debt of $44,525. b. Credit to Gain on Extinguishment of Debt of $44,525

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