Current Attempt in Progress On December 31, 2020, Sheffield Co. Is in financial difficulty and cannot pay a note due that day. It is a $2,200,000 note with $220,000 accrued interest payable to Wildhorse, Inc. Wildhorse agrees to forgive the accrued interest, extend the maturity date to December 31, 2022, and reduce the interest rate to 4%. The present value of the restructured cash flows is $1,883,200. (a) Prepare entry for the restructure on Sheffield's books. (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 for the amounts.) Account Titles and Explanation Debit Credit e Textbook and Media