star co owes $184,000 to ast trust co. the debt is a 9-uear,5% note. because star co. is in financial trouble, ast agrees to accept a piece of equipment in exchange for canceling the entire debt. the equipments orinignal cost was $170000. the eqiipment accumulated depreciation to fdate is $60,000, and its fair value os $100,000.

1. prepare journal entries in star's book for the debt restructuring.

2. prepare for the journal entries on ast's books fot the debt restructuring