please solve the question

its about intermediate accounting

Question4[4Marks At January 1st,2010, XYZ Bank loaned $16,000,000 to ABC Co. with effective interest rate of 6%. The maturity date would be Decmber31,2017 ABC, in turn, invested these monies in residential apartment buildings. However, because of low occupancy rates, it cannot meet its loan obligations, at December 31, 2012, XYZ Bank agrees to accept from ABC Co. real estate with a fair value of $8,000,000. The real estate has a carrying value of $7,000,000 on the books of ABC Co. in addition ABC Co. would grant XYZ Bank 50,000 ordinary shares ($10 par) that have a fair value of $3,000,000, in full settlement of the loan obligation. Bonn Mortgage as of December 31, 2012. Prepare the Journal Entries for ABC Co