was XCO B Question 2 10 pts Selected accounts of the Debtor Corporation reflected the following December 31, 2019 balances: Land 150,000 Note Payable, 10% due Dec 31, 2019... 200,000 Interest on Note Payable 180.000 Debtor Corporation was experiencing financial difficulties and the holder of the note payable (Creditor Company) decided to make certain concessions to Debtor concerning the note. Specifically, Creditor agreed to accept the land as full settlement of the note and interest. Both parties agreed that the land had a fair market value of $250,000. REQUIRED: Prepare the necessary journal entrylies) for Debtor Corporation to reflect the land disposal and debt settlement agreement Edit View Insert Format Tools Table 12ptParagraph . Tv 6