need help with part 3- the journal entries

First Lincoln Bank agreed to defer all payments (including accrued interest) until the maturity date and accept $49,386,000 at that time in settlement of the debt. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.) View transaction list View journal entry worksheet No Date General Journal Debit Credit 1 January 01, 2021 No journal entry required 2 December 31, 2021 Interest expense 4,096,500 Interest payable 0 December 31, 3 2022 Interest expense Interest payable 4 December 31, 2023 Interest expense Interest payable 5 December 31. 2024 Inter expense Interest payable 6 December 31, 2024 Notes payable 33,000,000 Interest payable 16,386,000 Cash 49,386,000