Assume that, instead of transferring the machine, Swifty decides to grant 15,000 shares of its common stock ( $10 par) which has a fair value of $206,000 in full settlement of the loan obligation. If Nash State Bank treats Swifty's stock as a trading investment, prepare the entries to record the transaction for both parties. (If no entry is required, select "No Entry" for the occount titles and enter Ofor the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) Nash State Bank (Creditor): 2. December Swifty Company owes $222,000 plus $20,600 of accrued interest to Nash State Bank. The deht is a 10 -year, 1095 note. During 2020 . Swifty's business deteriorated due to a faltering regional economy. On December 31,2020, Nash State Bank agrees to accept an old machine and cancel the entire debt. The machine has a cost of $344,000, accumulated depreciation of $189,200, and a fair value of $206,000