On December $31,2023,$ Green Bank enters into a debt restructuring agreement with Metlock Inc., which is now experiencing

financial trouble. The bank agrees to restructure a $$2\mathrm{.}3-$million, $10\%$ note receivable issued at par by the following

modifications:

Reducing the principal obligation from $$2\mathrm{.}3$ million to $$2\mathrm{.}19$ million

Extending the maturity date from December $31,2023,$ to December $31,2026$

Reducing the interest rate from $10\%$ to $8\%$

Metlock pays interest at the end of each year. On January $1,2027,$ Metlock pays $$2\mathrm{.}19$ million in cash to Green Bank. Metlock

prepares financial statements in accordance with IFRS $9.$