Loan payments covered by lender (Pandemic)

Corporation had a few of its loan payments covered by lender (Futurpreneur) due to pandemic.
I looked at loan statement. There were a few payments made by lender which did not come out of the corporate bank account but did go towards paying the loan.

These payments towards the loan covered interest, fees, and principal portions.
From my understanding these “covered loan payments” are income.

The way I would account for the transaction:

DT Interest Expense XXX
DT Fee’s XXX
DT Loan XXX
CT Income XXX
To account for payments made by lender

Is this how others have treated similar tax situations?

Are these payments booked to Other Income and it ends there?

Makes sense to me…

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Thank you @Nezzer.
I always appreciate your helpful replies.
I hope you have a good weekend!