Novak AG issued a 150,000, 4-year, 9% note at face value to Flint Hills Bank on January 1, 2022, and received 150,000 cash. The note requires annual interest payments each December 31. During 2022, Novak experiences financial difficulties. On January 1, 2023, Novak negotiates a settlement of the note by issuing to Flint Hills Bank 20,0001 par Novak ordinary shares. The ordinary shares have a market price of 7.40 per share on the date of the settlement. Prepare Novak's entries to settle this note. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)