ABC, Inc. borrows $10,000,000 from Super Big Bank on 1/1/2014. The loan is a 5-year loan, with a 5% stated interest rate requiring annual payments of $2,309,748, payable at the end of each year (12/31). On 12/31/2014 ABC makes their first payment. During 2015, ABC's business has some problems, and at the end of 2015 ABC informs Super Big Bank that they will be unable to pay their 12/31/2015 obligation in full. Super Big Bank agrees to restructure the terms of the loan such that ABC will only need to make four $1,900,000 payments over the duration of the loan (with the first restructured payment on 12/31/2015). What journal entry, if any, will ABC record as a result of this restructuring?
