On December 31, 2017, Sarasota Company borrowed $65, 507 from Paris Bank, signing a 5-year, $105, 500 zero-interest-bearing note. The note was issued to yield 10% interest. Unfortunately, during 2019, Sarasota 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 $79, 125 at maturity. The market rate of interest on loans of this nature is now 11%. Prepare the entry to record the issuance of the loan by Paris Bank on December 31, 2017. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5.275. If no entry is required', select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Prepare the entry, if any, to record the impairment of the loan on December 31, 2019, by Paris Bank. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5, 275. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.)