(35 pts.) On December 31, 2011 Second Street Trust Bank enters into a debt restructuring agreement with Stetler Co, which is now experiencing financial trouble. Second Street agrees to restructure a 12%, issued at par $800,000 note receivable by the following modifications. 1. Reduce the principal obligation from $800,000 to $692,000. 2. Extend the maturity date from December 31,2011 to Decamber 31, 2013. 3. Reduce the interest rate from 12% to 10%. Sictlle pays iateret at the end of each year. The present value of the reitructured cash flows to Second Street Trust Bank at 12 percent is 5668,610 . The following revised amortization schodule was propared by Second Stret at the effective intereat rate of 12 percent. Requiredt Propare the journal entries for Second Street Trust Bank for the following: 1. Loss from reatructuring the notes receivable on December 31, 2011. 2. The fint anmual interest payment received on Decenber 31, 2012