ABC CORP HAS THE FOLLOWING DATA REGARDING A NOTE PAYABLE AS OF 1/1/2019: NOTE PAYABLE INTEREST PAYABLE (ORIGINALLY DUE 12/31/2018) ANNUAL INTEREST RATE DUE DATE 950,000 38,000 4% 12/31/2020 THE CREDITOR HAS REVISED THE LOAN AS FOLLOWS: INTEREST FORGIVEN REVISED INTEREST PAYMENTS (DUE 12/31/2019 & 12/31/2020) REVISED PRINCIPAL BALANCE 38,000 25,000 850,000 REQUIRED: WHAT IS ABC'S GAIN ON DEBT RESTRUCTURING? REQUIRED: WHAT IS THE ADJUSTMENT TO THE NOTE PAYABLE WHEN RECORDING THE RESTRUCTURING OF THE DEBT? (PLEASE INDICATE WHETHER IT IS A DEBIT OR A CREDIT) (AMOUNT TO THE NOTE PAYABLE)