$58,620. i $58,670. 1. Paisley Ltd. is holding a bond with a carrying value of $395,000 that is being accounted for ising the amortized cost method. At the end of the reporting period, management has found indication that the bond is impaired as the interest payments for this past fiscal year have not yet been received. As a result, management has calculated the realizable amount of the bond to be $360,000 using revised cash flows and the current market rate of 6%, and $380,000 using the revised cash flows and the historical market rate of 5%. Iron Man Ltd. uses ASPE and the incurred loss impairment model. What is the amount of impairment that should be recorded? a) $10,000 b) $15,000 c) $20,000 d) $35,000