Sunland Inc., is currently under protection of the U. S. bankruptcy court. As a "debtor in possession," the CEO has negotiated the following revised loan agreement with Alpha Bank. Sunland Inc.'s $410,000, 11%, 10-year note was refinanced with a $410,000, 5%, 10-year note. Both notes require annual interest payments. (a) What is the accounting nature of this transaction? Troubled debt restructuring (b) Prepare the journal entry to record this refinancing: (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answers to O decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) On the books of Sunland Inc. (2) On the books of Alpha Bank. No. Account Titles and Explanation Debit 1. No Entry No Entry 2. Bad Debt Expense Allowance for Doubtful Accounts 0 Credit 0