Question 7 of 7 0.63/2.5 TERREICH TURUCU decimal places 68.1.25124 and the final answer to decimal places es. 58,971.) PRETRAGGARA STELLAR COMPANY Amortization Schedule After Debt Modification Market Interest Rate Cash Date Paid Interest Expense Carryir Value Amortization 12/31/22 12/31/23 CH IT 12/31/24 12/31/25 Total e Textbook and Media View Policies Show Attempt History Current Attempt in Progress On December 31, 2022. Sterling Bank enters into a debt restructuring agreement with Stellar plc, which is now experiencing financial trouble. The bank agrees to restructure a 12%, issued at par, 2,800,000 note receivable by the following modifications: 2. 1. Reducing the principal obligation from 2,800,000 to 2,240,000 Extending the maturity date from December 31, 2022, to January 1, 2026. Reducing the interest rate from 12% to 10%. Stellar's market rate of interest is 15%. 3. Stellar pays interest at the end of each year. On January 1 2026, Stellar pays 2 240.000 in cash to Sterling Bank (a)