Essаy #5 Mаrаthоn Key Cоmpany purchased a cоrporate jet (e.g. a G6 - "like a G6"…get it?) on 4/1/2020 for $3.1 million. On 4/2/2021 Marathon experiences dire financial (cash flow) difficulties related to an unexpected unfavorable lawsuit verdict. Marathon, on 4/2/21, agrees to return the jet to the seller. The jet has a fair value of $1.9 million on 4/2/21. The jet has a net book value on Marathon's records at $1.9 million (original cost $3.1 million with accumulated depreciation of $1.2 million) The seller agrees to forgive (i.e. cancel the installment note with no additional payments required) the loan. On 4/1/2021 Marathon's accounting records reveal a loan value of $2,303,965. Record the entries for Marathon (ONLY) that would be required at 4/2/21 for the settlement of the debt.