both a and b please

Nash Ca. owes $198,700 to Crane Inc. The debt is a 10-year, 11% note. Because Nash Co. is in financial trouble, Crane Inc. agrees to accept some land and cancel the entire debt. The property has a book value of $83,200 and a fair value of $130,700. a. Prepare the journal entry on Nash's books for debt restructure. b. Prepare the journal entry on Crane's books for debt restructure. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) No. Account Titles and Explanation Debit a. Nash Co'sentry: b. Crane Inc.entry