Exercise 17-18 (Part Level Submission) Stellar Corporation has municipal bonds assified as a held-to-maturity at December 31, 2017. These bonds have a par value of $854 000, an $773.000. The company believes that impairment accounting is now appropriate for these bonds t ired o f 54.000, and a fair value of Your answer is correct ay Prepare the journal entry to recognize the impairment. (Credit acco "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Loss on Impairment Debt Investments (To record the impairment.) Click if you would like to Show Work for this question Open Show Work (b) What is the new cost basis of the municipal bonds? New cost basis of the municipal bonds Gven that the maturity value of the bonds is $854,000, should Stellar Corporation amortire the difference between the carrying amount and the maturity value over thee of the bonds? Click if you would like to Show Work for this question. O n Show Work