On January 1, 2018. Company X is holding $10,000,000, 5% fixed-rate debt which matures in 4 years. To hedge this debt. Company X enters into a 4-year interest rate swap to receive 5% and pay LIBOR on a notional of $10,000,000. Settlement and rate reset is each December 31. The following information is available: DATE LIBOR FMV of Swap Jan. 1. 2018 5% Dec 31, 2018 4.7% $81,450 Dec 31, 2019 5.8% ($147.300) In an orderly manner, prepare the appropriate entries for the interest payment, swap settlement (if applicable) and necessary adjustments for 2018 and 2019. HTML On January 1, 2018. Company X is holding $10,000,000, 5% fixed-rate debt which matures in 4 years. To hedge this debt. Company X enters into a 4-year interest rate swap to receive 5% and pay LIBOR on a notional of $10,000,000. Settlement and rate reset is each December 31. The following information is available: DATE LIBOR FMV of Swap Jan. 1. 2018 5% Dec 31, 2018 4.7% $81,450 Dec 31, 2019 5.8% ($147.300) In an orderly manner, prepare the appropriate entries for the interest payment, swap settlement (if applicable) and necessary adjustments for 2018 and 2019. HTML