On December 31, 2020, Green Bank enters into a debt restructuring agreement with Teal Mountain Inc, which is now experiencing financial trouble. The bank agrees to restructure a $2.9-million, 10% note receivable issued at par by the following modifications: 1 2. 3. Reducing the principal obligation from $2.9 million to $2.76 million Extending the maturity date from December 31, 2020, to December 31, 2023 Reducing the interest rate from 10% to 8% Teal Mountain pays interest at the end of each year. On January 1, 2024. Teal Mountain Inc. pays $2.76 million in cash to Green Bank. Teal Mountain prepares financial statements in accordance with IFRS 9. Prepare an entry at December 31, 2020, based on the results of your calculation, (Round answers to decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Date December 31.2020 Credit Notes Receivable 2900000 Cash 290000X e Textbook and Media List of Accounts X Your answer is incorrect. Prepare an effective interest amortization table for the remaining term of the note. (Round answers to decimal places, es 5,250) Prepare the interest payment entry for Teal Mountain on December 31, 2022. and the entry on January 1, 2024. (Round answer to O decimal places, eg. 5,275. Credit account titles are automatically indented when the amount is entered. Do not indent manually . If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit