On December 31, 2022, Sterling Bank enters into a debt restructuring agreement with Ivanhoe pic which is now experiencing financial trouble. The bank agrees to restructure a 12, issued at par, 62.700.000 not receivable by the following modification 1. Reducing the principal obligation from 2,700.000 to 2.160,000. 2. Extending the maturity date from December 31, 2002, to January 1, 2026 3. Reducing the interest rate from 12% to 10%. Ivanhoe's market rate of interest is 15% Ivanhoe pays interest at the end of each year. On January 1, 2026. Ivanhoe pays 2.160.000 in cash to Sterling Bank (b) Prepare the amortization schedule of the note for Ivanhoe after the debt modification. (Hound present value factor calculations to 5 decimal places, c. 1.25124 and the final answer to decimal placeses 58,971) IVANHOE COMPANY Amortization Schedule After Debt Modification Market Interest Rate Interest Cash Paid Date Expense Carryin Value Amortization 2/31/22 E 2/31/23 E E E 3/31/24 731/25 utal