Hope Still, chief executive of Great Divide Technologies (GDT), a state-certified aircraft repair company, worked with her local bank to get a \$210,000 loan under the Paycheck Protection Program in early May of 2020 that allowed her to keep paying her 19 employees The loan would be fully forgiven if GDT uses at least 60% of the funds for payroll costs and the remainder for interest on mortgages, rent, and utilities. Otherwise, the loan plus 1% accrued annual interest must be repaid after two years. The company recorded the loan with a $210,000 credit to note payable. Required: Prepare the appropriate journal entry GDT would record when the conditions for debt forgiveness have been met assuming that GDT views the funding as being most closely aligned with guidance provided: a. For debt by FASB ASC 405-20/470-50, b. For grants to not-for-profit organizations by FASB ASC 958605 c. For grants to business organizations by IFRS-IAS20. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 23 For debt by FASB ASC 40520/47050