Skysong Co. owes $218,200 to Concond Inc. The debt is a 10 year, 11% note. Because 5ky song Co is in financial trouble, Concord inc. agrees to accept some land and cancel the entire debt. The property has a book value of $84,900 and a fair value of $127.000. a. Prepare the journal entry on Skysorg's books for debt restructure. b. Prepare the journal entry on Concord's books for debt restructure. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts Credit account tilies are automatically indented when the amount is entered. Do not indent manually. List ali debit entries before credit entries) b. Concord Inc. entry