Ochoa Bros. received $2 million as loan proceeds from a large bank on April 30, 2015. The market interest rate of 8% per annum is to be paid annually and the principal is to be repaid in 10 years' time if not put earlier by the bank. The bank holds a put option on the debt requiring redemption of the loan after seven years. An amount of $200,000 plus the original principal of $2 million would be repaid if the bank exercises the put. Ochoa agreed to the put option in exchange for relaxed debt covenants.   Believing interest rates will fall, on April 30, 2018, Ochoa entered into an interest rate swap (at no cost). Ochoa does not opt for hedge accounting.   Swap Terms Notional Amount: $2,000,000 Interest Rate on Swap: Prime + 2% payable annually Current prime rate: 6% Interest Reset Date: Every April 30 Term: 4 years Cost to enter swap: zero   Additional information:   RESET DATE SWAP VALUE PRIME RATE April 30, 2019 $(75,267) 7.5% April 30, 2020 $(86,198) 8.5% April 30, 2021 $zero 6%   Required: Prepare all journal entries for the year ended April 30, 2020. Assume that on April 30, 2022, the bank exercises the put option. Prepare the journal entry(ies) on that date.