Cipboard Font Paragraph Styles Editing Adobe Mann, Inc., which owes Doran Co. $1,200,000 in notes payable with accrued interest of $108,000, is in financial difficulty. To settle the debt, Doran agrees to accept from Mann equipment with a fair value of $1,140,000, an original cost of $1,680,000, and accumulated depreciation of $390,000. Compute the gain or loss to Mann on the settlement of the debt. on restructuring of debt $ Compute the gain or loss to Mann on the transfer of the equipment. on disposal of equipment s Prepare the journal entry on Mann's books to record the settlement of this debt. (Credit account titles are automatically indented when the amount is enter Do not indent manually. If no entry is required, select "No Entry for the account otles and enter o for the amounts Account Titles and Explanation B Tipe here to search Debit Credit 69 131