Submit At January 1 2021. Rothschild Chair Company, Inc. was indebted to First Lincoln Bank under a $33 million, 10% unsecured note. The note was signed January 1 2018, and was due December 31, 2024. Annual interest was last paid on December 31, 2019 Rothschild Chair Company was experiencing severe financial difficulties and negotiated a restructuring of the terms of the debt agreement. (EY of $1. P of $1. EVA 51. PVA $1 EVAD of S1 and PVADOS (Use appropriate factor(s) from the tables provided) Required: 3. First Lincoln Bank agreed to defer all payments (including accrued interest until the maturity date and accept $49 386,000 at that time in settlement of the debt. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 5 First Lincoln Bank agreed to defer all payments (including accrued interest) until the maturity date and accept $49,3 in settlement of the debt. (If no entry is required for a transaction/event, select "No journal entry required" in the fi Enter your answers in whole dollars.) View transaction list Journal entry worksheet