(c) Assume that, instead of transferring the machine, Sunland decides to grant 14,000 shares of its common stock ($10 par) which has a fair value of $149,000 in full settlement of the loan obligation. If Coronado State Bank treats Sunland's stock as a trading investment, prepare the entries to record the transaction for both parties. Of no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually) No. Date Account Titles and Explanation. Sunland Company (Debtor 1 December 31.2020 Coronado State Bank (Creditor); 2 December 31.2020 eTextbook and Media List of Accounts Save for Later Question 10 of 11 > View Policies Show Attempt History Debit Credit Attempts: 0 of 3 used Suit A 6.67/10 E Current Attempt in Progress Sunland Company owes $167,000 plus $14,900 of accrued interest to Coronado State Bank. The debt is a 10-year, 10% note. During 2020, Sunland's business deteriorated due to a faltering regional economy. On December 31, 2020, Coronado State Bank agrees to accept an old machine and cancel the entire debt. The machine has a cost of $322.000, accumulated depreciation of $177,100, and a fair value of $149.000.