Marin Company owes $185,000 plus $16,900 of accrued interest to Headland State Bank The debt is a 10-year, 10% note. During 2020, Marin's business deteriorated due to a faltering regional economy. On December 31, 2020, Headland State Bank agrees to accept an old machine and cancel the entire debt. The machine has a cost of $364,000, accumulated depreciation of $200.200, and a fair value of $169,000 mo (a) Prepare journal entries for Marin Company and Headland State Bank to record this debt settlement. (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 Debit Credit Marin Company (Debtor); December 31. 2020