On December 31, 2023, Pharoah Bank enters into a debt restructuring agreement with Shamrock Inc., which is now experiencing financial trouble. The bank agrees to restructure a $3.2-million, 10% note receivable issued at par by the following modifications:

1. Reducing the principal obligation from $3.2 million to $3.04 million

2. Extending the maturity date from December 31, 2023, to December 31, 2026

3. Reducing the interest rate from 10% to 7%

Shamrock pays interest at the end of each year. On January 1, 2027, Shamrock Inc. pays $3.04 million in cash to Pharoah Bank. Pharoah Bank prepares financial statements in accordance with IFRS 9. There is no evidence of a significant increase in credit risk and 12-month expected credited losses are calculated at zero. For simplicity, assume that Pharoah Bank had not recognized any impairment prior to this (although it likely would have done so under the expected loss model).

Prepare the amortization schedule for Pharoah bank after the debt restructuring