On December 31, 2017, Coronado Company borrowed $65,652 from Paris Bank, signing a 5-year, $115,700 zero-interest-bearing note. The note was issued to yield 12% interest. Unfortunately, during 2019, Coronado began to experience financial difficulty. As a result, at December 31, 2019, Paris Bank determined that it was probable that it would receive back only $86,775 at maturity. The market rate of interest on loans of this nature is now 13%.

Prepare the entry, if any, to record the impairment of the loan on December 31, 2019, by Paris Bank.