Question 3, please. Question 2 provided for information

QUESTION 2 Delaware is unable to make the December 31, 2019 interest payment Delaware is a calendar year company and accrued the 2019 interest. SETTLEMENT On 1/1/20 Delaware agrees to transfer land and a building to Colorado in full settlement of the note. Land Building FMV 1/1/20 $100,000 $250,000 Original cost to Delaware 75,000 300,000 Accumulated Depreciation thru 1/1/20 100,000 Book Value 1/1/20 75,000 200,000 Question: What is the incremental impact on earnings for Delaware from the settlement? 200000 QUESTION 3 Question: Regarding the information in question no. 2 above, what is the incremental impact on Colorado's net income from the settlement? NOTE: Use a LOSS account instead of an allowance for d/a QUESTION 2 Delaware is unable to make the December 31, 2019 interest payment Delaware is a calendar year company and accrued the 2019 interest. SETTLEMENT On 1/1/20 Delaware agrees to transfer land and a building to Colorado in full settlement of the note. Land Building FMV 1/1/20 $100,000 $250,000 Original cost to Delaware 75,000 300,000 Accumulated Depreciation thru 1/1/20 100,000 Book Value 1/1/20 75,000 200,000 Question: What is the incremental impact on earnings for Delaware from the settlement? 200000 QUESTION 3 Question: Regarding the information in question no. 2 above, what is the incremental impact on Colorado's net income from the settlement? NOTE: Use a LOSS account instead of an allowance for d/a