Teal Corp. owes $267,000 to Fint Trust. The debt is a 10 year, 12% note due December 31, 2020. Because Teal Corp. is in financial trouble, Flint Trust agrees to extend the maturity date to December 31, 2022 reduce the principal to $220,000, and reduce the interest rate to 5%, payable annually on December 31 Prepare the journal entries on Teal's books on December 31, 2020, 2021, 2022 (b) Prepare the journal entries on Flint Trust's books on December 31, 2020, 2021 2022 Click here to view factor tables (Round present value factor calculations to decimal places 1.251 and the final answer to decimal a and enter for the a nts Credit Untiles are automatically invited w a nt is entered Deo in n wally) entry is required select "No Entry for the countries (a) Date Account Titles and Explanation Teal Corps 2020 Notes Payable Gain on Hestructuring of 2021 No 2022 Notes Payable (b) Date Account Titles and Explanation Elint Trust's 2020 Bad Debt Expense Allowance for Doubtful Ace Cash (b) Date Account Titles and Explanation Flint Trust's Debit Credit 2020 Bad Debt Expense Allowance for Doubtful Acc 2021 Cash Allowance for Doubtful Acc Interest Revenue 2022 Cash Allowance for Doubtful Acc 339235 Interest Revenue (To record Interest Revenue) Cash ALL BILLE Allowance for Doubtful Acc Notes Receivable (To record maturity of Notes Receivable)