Blue Corporation has municipal bonds classified as a held$-$to$-$maturity at December $31,2025.$ These bonds have a par value of $$865,000,$ an amortized cost of $$865,000,$ and a fair value of $$780,000.$ The company believes that impairment accounting is now appropriate for these bonds.

$($a$)$

Prepare the journal entry to recognize the impairment. $($List debit entry before credit entry. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select $"$No Entry" for the account titles and enter $0$ for the amounts.$)$