On December 31, 2020, Windsor Co. is in financial difficulty and cannot pay a note due that day. It is a $1,840,000 note with $184,000 accrued interest payable to Cheyenne, Inc. Cheyenne agrees to forgive the accrued interest, extend the maturity date to December 31, 2022, and reduce the interest rate to 4%. The present value of the restructured cash flows is $1,575,040. (a) Your answer is partially correct. Prepare entry for the restructure on Windsor's books. (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 O for the amounts.) Account Titles and Explanation Interest Payable C Gain on Restructuring of Debt eTextbook and Media eTextbook @2 2 * 17 Debit 184,000 80 23 888 74 F $ 54 #3 Q W E A S D % 85 Credit MacBook Air 66 & 7 Assistance Used Dil DD 27 35 8 +8 R T Y U 1 F G LI 6