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Prepare the interest receipt schedule for American Bank after the debt restructuring. (Round answers to 0 decimal places, es. 38,5483 (1) Compute the loss that American Bank will suffer from the debt restructuring. (Round intermediate calculations to 5 decimal places, e.g. 0.23465 and final answer to 0 decimal places, e.g. 38,548.) Loss on restructuring of debt (2) Prepare the journal entry to record the loss. (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 debit entry before credit entry. Round intermediate calculations to 5 decimal places, e.8. 0.23465 and final answers to 0 decimal places, es. 38,548.) What entry should American Bank make on January 1,2029? (If no entry is required, select "No Entry" for the account titfes and enter 0 for the amounts. Credit account titles are outomatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.) Prepare the interest receipt entry for American Bank on December 31, 2027. (Round answers to 0 decimal places, eg. 38,548. If no entry is required, select "No Entry" for the account titles and enter 0 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.) On December 31, 2025, American Bank enters into a debt restructuring agreement with Sheffield Company, which is now experiencing financial trouble. The bank agrees to restructure a 12%, issued at par, $3,500,000 note recelvable by the following modifications: 1. Reducing the principal obligation from $3,500,000 to $2,800,000. 2. Extending the maturity date from December 31,2025, to January 1, 2029. 3. Reducing the interest rate from 12% to 10%. Sheffield pays interest at the end of each year. On January 1,2029 , Sheffield Company pays $2,800,000 in cash to American Bank. Answer the following questions related to American Bank (creditor). Click here to view factor tables