Current Attempt in Progress Metlock Incorporated owes $\backslash (\backslash$$ $106,000\backslash )$ to Ontario Bank Inc. on a two$-$year, $\backslash (10\backslash \%\backslash )$ note due on December $31,2020.$ The note was issued at par. Because Metlock is in financial trouble, Ontario Bank agrees to extend the maturity date of the note to December $31,2022,$ reduce the principal to $\backslash (\backslash$$ $79,500\backslash ),$ and reduce the interest rate to $\backslash (8\backslash \%\backslash ),$ payable annually on December $31.$ Present value of the new debt is calculated as $\backslash (\backslash$$ $76,777\backslash ).$ Metlock prepares financial statements in accordance with IFRS. Prepare the journal entries on Metlock's books on each of December $31,2020,2021,$ and $2022.($Round answers to $0$ decimal places, e$.$g$.5,275.$ Credit account titles 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. Record journal entries in the order presented in the problem.$)$ Date