As of January 1, the Lohse Company owes the First Arbor Bank $350,000 which is due on December 31. Since Lohse seems unable to repay the note, the bank agreed that Lohse can settle this balance by agreeing to make four, annual installments on each of the next four years, provided that it adds a due on demand clause to the note. Specifically, the lender will do its best not to call the note provided that no adverse significant shift in operations occurs." However, First Arbor Bank has the sole discretion to ascertain if these adverse conditions arose, and then to call the note due immediately. How should Lohse account for this above situation? 1. A paragraph identifying the problem. 2. A list of 2-3 keywords for the major concepts. 3. A brief solution to the case that relies on explicitly cited section(s) of the Financial Accounting Standards Board Accounting Codification (using Topic ASC XXX-XX...)