Coronado Limited owes $250,000 to Larkspur Inc. on a 10-year, 13% note due on December 31, 2020. The note was issued at par. Because Coronado is in financial trouble, Larkspur Inc. agrees to extend the naturity date to December 31, 2022, reduce the principal to $190,000, and reduce the interest rate to 6%, payable annually on December 31. The market rate is currently 6%. Coronado prepares financial statements in accordance with IFRS. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF AN ANNUITY OF 1. Using (1) factor tables, (2) a financial calculator, or (3) Excel function PV prepare the journal entries on Coronado's books on December 31, 2020 2021, and 2022. (Hint: Refer to Chapter 3 for tips on calculating.) (For calculation purposes, use 5 decimal places as displayed in the factor table provided and round final answers to 0 decimal places, e.g. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) Date Account Titles and Explanation Debit Credit Date Account Titles and Explanation Debit Credit List of Accounts