Flint Company owes $ 221,000 plus 5 20.100 of accrued interest to Buffalo State Bank. The debt is a 10-year, 10% note. During 2020, Flint's business deteriorated due to afaltering regional economy. On December 31, 2020, Buffalo State Bank agrees to accept an old machine and cancel the entire debt. The machine has a cost of $ 402,000, accumulated depreciation of $ 221,100, and a fair value of $ 201,000 Assume that, instead of transferring the machine, Flint decides to grant 14,000 shares of its common stock ($ 10 par) which has a fair value of $ 201,000 in full settlement of the loan obligation. If Buffalo State Bank treats Flint's stock as a trading investment, prepare the entries to record the transaction for both parties. (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) No. Date Account Titles and Explanation Flat Company (Debtor): Debit Credit 1 December 31, 2020