Please make journal entries for a b c and d.

Windsor Corporation is having financial difficulty and therefore has asked Sheridan National Bank to restructure its $ 5.15 million note outstanding. The present note has 3 years remaining and pays a current rate of interest of 8%. The present market rate for a loan of this nature is 12%. The note was issued at its face value. The following are four independent situations. Prepare the journal entry that Windsor and Sheridan National Bank would make for each of these restructurings. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to O decimal places e.g. 58,971. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.) (a) Sheridan National Bank agrees to take an equity interest in Windsor by accepting common stock valued at $3,746,000 in exchange for relinquishing its claim on this note. The common stock has a par value of $ 1,636,000. (b) Sheridan National Bank agrees to accept land in exchange for relinquishing its claim on this note. The land has a book value of $3,379,000 and a fair value of $ 4,139,000. (c) Sheridan National Bank agrees to modify the terms of the note, indicating that Windsor does not have to pay any interest on the note over the 3-year period. (d) Sheridan National Bank agrees to reduce the principal balance due to $ 4,439,655 and require interest only in the second and third year at a rate of 8%