Skysong Corp. owes Sheridan Corp. a $$101,420,10-$year, $10\%$ note issued at par plus $$10,142$ of accrued interest. The note is due today, December $31,2023.$ Because Skysong is in financial trouble, Sheridan agrees to forgive the accrued interest and $$10,500$ of the principal and to extend the maturity date to December $31,2026.$ Interest at $10\%$ of the revised principal will continue to be due on December $31$ of each year. Assume the market rate of interest is $10\%$ at the date of refinancing. Skysong and Sheridan prepare financial statements in accordance with IFRS.

Prepare a schedule of the debt reduction and interest expense for the years $2023$ through $2026.($Do not leave any answer field blank. Enter $0$ for amounts.$)$