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Cullumber Company owes $185,000 plus $16,900 of accrued interest to Riverbed State Bank. The debt isa 10 ycar, 10% note. During 2025. Cullumber's business deteriorated due to a faltering regional economy. On December 31, 2025, Riverbed State Bank agrees to accept an old machine and cancel the entire debt. The machine has a cost of $364,000, accumulated depreciation of $200,200, and a fair value of $169,000. (a) Prepare journal entries for Cullumber Company and Riverbed State Bank to record this debt settiement. (If no entry is required. select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered, Do not indent manually, List all debit entries before credit entries.) Cullumber Company. (Debtor); Debit Credit 1. December 31.2025 31.2025 Riverbed State Bank(Creditor): 2. December 31,2025