At January 1, 2018, TD owed First Bank $300,000, under an 11% note with three years remaining to maturity. Due to financial difficulties, TD was unable to pay the previous two years' interest. First Bank agreed to settle TD's debt in exchange for a building having a fair value of $225,000. TD had purchased the building in 2014 for $262,000 and depreciated it for $40,0oo. Required: Prepare the journal entry to record the restructuring of the debt by TD Clearly label the debit and credit parts of the entry. A journal entry without numbers