Sweet Acacia Limited ones $240,000 to Marin Inc, on a 10 year. 12% note due on December 31, 2023. The note was issued at par. Because Sweet Acacia is in financial trouble, Marin agrees to extend the maturity date to December 31,2025 , reduce the principal to $200,000, and reduce the interest rate to 5%, payabie annually on December 31 . The market rate is currently 5%. Sweet Acacia prepares financial statements in accordance with IFRS. Click here to view the factor table PRESENT VALUE OF 1. Click here to view the factor table PRESENT VALUE OF NN ORDINARY ANNUITY OF 1. Using (2) factor tables, (2) a financial calculator, or (3) Excel function PV, prepare the journal entries on Sweet Acacia's books on December 31, 2023, 2024, and 2025. (Hint Refer to Chapter 3 for tips oncalculating) (Round present volue foctor calculations to 5 decimal places, e.s. 1.25124 and final answer to 0 decimal places e.s. 58,971 . Credit account tities are automatically indented when the amount is entered, Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) Sweet Acacia Limited owes $240,000 to Marin Inc on a 10-year. 12\% note due on December 31,2023, The note was issued at par, Because Sweet Acacia is in financlal trouble, Marin agrees to extend the maturity date to December 31, 2025, reduce the principal to $200,000, and reduce the interest rate to 5%, payable annually on Deceinber 31. The market rate is currently 5%. Sweet Acacla prepares financial statements in accordance withiFRS Click heretoview the factor table PRESENT VNUE OF 1. Clicx here to view the factor table PRESENT VALUE OF ANORDINARY ANNUIYY OF 1 Using (1) factor tables, (2) a financial calculator, or (3) Excelfunction PV, prepare the journal entries on Sweet Acacia's books on December 31, 2023,2024, and 2025. (Hint Refer to Chapter 3 for tips on calculatine) (Round present value factor calculations to 5