Current Attempt in Progress On December 31, 2020, Whispering Bank enters into a debt restructuring agreement with Barkley Company, which is now experiencing financial trouble. The bank agrees to restructure a 12%, issued at par, $4,500,000 note receivable by the following modifications: 1. 2 Reducing the principal obligation from $4,500,000 to $3,600,000. Extending the maturity date from December 31, 2020, to January 1, 2024. Reducing the interest rate from 12% to 10%. 3. Barkley pays interest at the end of each year. On January 1, 2024, Barkley Company pays $3,600,000 in cash to Whispering Bank, Answer the following questions related to Whispering Bank creditor). (a) VIDI LICINUTORNI Interest Receipt Schedule After Debt Restructuring Effective-Interest Rate Cash Received Interest Revenue Increase in Carrying Amount Carrying Amount of Note le /20 $ /21 /22 /23