Exercise 14-26 Flint Co. owes $195,200 to Buffalo Inc. The debt is a 10-year, 11% note. Because Flint Co. is in financial trouble, Buffalo Inc. agrees to accept some land and cancel the entire debt. The land has a book value of $87,400 and a fair value of $138,600. (a) Prepare the journal entry on Flint's books for debt restructure. (b) Prepare the journal entry on Buffalo's books for debt restructure, (If 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.) Debat Credit No Account Titles and Explanation (a) Flint Co.'s entry: (b) Buffalo Inc. entry: Click if you would like to show Work for this question: Open Show Work