Question 9 of 22 8/20 E Prepare the interest receipt schedule for Oriole Bank after the debt restructuring (Round answers to decimal places, es. 38,548.) ORIOLE BANK Interest Receipt Schedule After Debt Restructuring Effective-Interest Rate Increase Interest in Carrying Revenue Amount Cash Received Carrying Amount of Note $ $ $ $ $ e Textbook and Media List of Accounts Submit Answer Attempts: 0 of 3 used Save for Later View Policies Show Attempt History Current Attempt in Progress On December 31, 2020, Oriole Bank enters into a debt restructuring agreement with Barkley Company, which is now experiencing financial trouble. The bank agrees to restructure a 12%, issued at par, $3,300,000 note receivable by the following modifications: AGE 1. Q 9 Ace 2. Reducing the principal obligation from $3,300,000 to $2,640,000, Extending the maturity date from December 31, 2020, to January 1, 2024, Reducing the interest rate from 12% to 10%. Qu 3 Vie Barkley pays interest at the end of each year. On January 1, 2024, Barkley Company pays $2,640,000 in cash to Oriole Bank Answer the following questions related to Oriole Bank (creditor) Que