On December $31,2025,$ American Bank enters into a debt restructuring agreement with Tamarisk Company, which is now experiencing financial trouble. The bank agrees to restructure a $12\%,$ issued at par, $$3,540,000$ note receivable by the following modifications:

$$Reducing the principal obligation from $$3,540,000$ to $$2,832,000.$

$$Extending the maturity date from December $31,2025,$ to January $1,2029.$

$$Reducing the interest rate from $12\%$ to $10\%.$

Tamarisk pays interest at the end of each year. On January $1,2029,$ Tamarisk Company pays $$2,832,000$ in cash to American Bank. $($c$)$

Assuming that the interest rate Tamarisk should use to compute interest expense in future periods is $\backslash (1\mathrm{.}4276\backslash \%\backslash ),$ prepare the interest payment schedule of the note for Tamarisk Company after the debt restructuring. $($Round answers to $0$ decimal places, e$.$g$.38,548.)($d$)$

Prepare the interest payment entry for Tamarisk Company on December $31,2027.($Round answers to $\backslash (\backslash$mathbf$\{0\}\backslash )$ decimal places, e$.$g$.38,548.$ If no entry is required, select $"$No Entry" for the account titles and enter $\backslash (\backslash$mathbf$\{$O$\}\backslash )$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List all debit entries before credit entries.$)($e$)$

What entry should Tamarisk make on January $1,2029?($Round answers to $0$ decimal places, e$.$g$.38,548.$ If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually. List debit entry before credit entry.$)$