A Moving to another question will save this response. Question 12 Cost-to-retail ratio under the cost method is calculated: A. After both markups (net) and markdowns (net) B. Before both markups (net) and markdowns (net) C. After markups (net) and before markdowns (net) D. After markdowns (net) and before markups (net) Moving to another question will save this response 1.25 points On December 31, 2019, Spear Co is in financial difficulty and cannot pay a noto due that day. It is a $360,000 note with $30,000 accrued interest payable to Nilsen, Ine. Nilsen agrees to accept from Spear a 20,000 of its ordinary shares (510), 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 OB. Credit Gain on Extinguishment of Debt $190.000 OC.Credit Share Capital - Ordinary $360,000 OD. Credit Share Premium - Ordinary S500,000