Livingston Woods, Inc. has a fiscal year end of December 31, 2017 The company reported $262.500 in short-term notes payable due on April 2018, ons year end balance sheet. Livingston Woods extended the due date for this debt to January 31, 2019. during the post-balance sheet perlod. The bank agreed to extend the debt term for $240,000 of the total amount of the loan $22.500 is due on its original due date Prepare the journal entry required on December 31, 2017 to reflect the refinancing agreement under IFRS First, prepare the journal entry for the reclassification on December 31, 2017 (Record debits first, then credits Exclude explanations from any Journal entries. If a Journal entry is not required, select "No entry required in the first call and leave the remaining cells blank Account December 31, 2017 On January 1, 2018, Stacy Technology. Incorporated issued $760,000 of $1,000 par value, 10%, 6-year bonds Interest is payable semiannually each January 1 and July 1 with the first interest payment due at the end of the period on July 1 2018 The market rate of interest for similar non-convertible bonds on the date of the bond issue was 10% However, because these bonds are convertible, the effective rate is 8%. Each bond is convertible into 60 shares of Stacy Technology's $1 par value common stock Assume there is no beneficial conversion option Read the requirements (Click the icon to view the Future (Click the icon to view the Present Value of $1 table) Value of $1 table) (Click the icon to view the Future (Click the icon to view the Present Value of an ordinary Annuity Value of an Ordinary Annuity table) table) (Click the icon to view the Future Click the icon to view the Present Value of an Annuity Due table) Value of an Annuity Due table Requirement a. Determine the issue price of the debt. (Use the present value and future value tables, the formula mothod, a financial calculator, or a spreadsheet for your calculations. It using present and future value tables or the formula method, use factor amounts founded to five decimal places, xxxxxx Round your fical answers to the nearest whole dollar) The issue price of the debt is