On December 31, 2023, Green Bank enters into a debt restructuring agreement with Windsor 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. Reducing the principal obligation from $2.9 million to $2.76 million 2. Extending the maturity date from December 31, 2023, to December 31, 2026 3. Reducing the interest rate from 10% to 8% Windsor pays interest at the end of each year. On January 1, 2027, Windsor pays $2.76 million in cash to Green Bank. Windsor prepares financial statements in accordance with IFRS 9. Prepare an effective interest amortization table for the remaining term of the note. (Round answers to O decimal places, e.g. 5,250.) WINDSOR INC. INTEREST PAYMENT SCHEDULE AFTER DEBT RESTRUCTURING EFFECTIVE INTEREST RATE Date 12/31/23 12/31/24 Cash Interest 220,800 Effective Interest 220,800 12/31/25 220,800 220,800 12/31/26 220,800 220,800 Total 662,400 662,400 Increase of Carrying Amount OOOD Carrying Amount of Note 2,760,000 2,760,000 2,760,000 2,760,000