On December 31, 2025, American Bank enters into a debt restructuring agreement with Tamarisk Company, which is now experiencing financial trouble. The bank agrees to restructure a 12%, issued at par, $3,760,000 note receivable by the following modifications: 1. Reducing the principal obligation from $3,760,000 to $3,008,000. 2. Extending the maturity date from December 31,2025, to January 1, 2029. 3. Reducing the interest rate from 12% to 10%. Tamarisk pays interest at the end of each year. On January 1, 2029, Tamarisk Company pays $3,008,000 in cash to American Bank. (a) Your answer is correct. Will the gain recorded by Tamarisk be equal to the loss recorded by American Bank under the debt restructuring? eTextbook and Media Assuming that the interest rate Tamarisk should use to compute interest expense in future periods is 1.4276\%, prepare the interest payment schedule of the note for Tamarisk Company after the debt restructuring. (Round answers to 0 decimal places. e.s. 38,548