On December 31, 2020, Riverbed Company borrowed $63,520 from Paris Bank, signing a 5-year, 5102 300 zero-interest-bearing note. The note was issued to yield 10% interest. Unfortunately, during 2022. Riverbed began to experience financial difficulty. As a result, at December 31,2022, Paris Bank determined that it was probable that it would receive back only $76,725 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, 2020. (Round present value factor calculations to 5 decimal places, e8, 1.25124 and final answers to decimal places, es 5,275. If no entry is required, select "No Entry for the account titles and enter for the amounts. Credit account titles are automatically indented when the amount is entered Do not indent manually.) Account Titles and Explanation Debit Credit Date Dec. 31 Account Titles and Explanation Debit Credit Date Dec. 31, 2020 Prepare the entry, if any, to record the impairment of the loan on December 31, 2022 by Paris Bank. (Round present value factor calculations to 5 decimal places, eg. 1.25124 and final answers to decimal places, eg. 5,275. If no entry is required, select "No Entry for the account titles and enter O for the amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Debit Credit Account Titles and Explanation Date Dec. 31 2022 ONG101 PM US 1721