Splish Corporation has municipal bonds classified as a held-to-maturity at December 31, 2017. 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. Prepare the journal entry to recognize the impairment. (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.) Account Titles and Explanation Debit Credit enter an account title to record the impairment enter a debit amount enter a credit amount enter an account title to record the impairment enter a debit amount enter a credit amount What is the new cost basis of the municipal bonds? New cost basis of the municipal bonds $ enter a dollar amount of the new cost basis of the municipal bonds Given that the maturity value of the bonds is $865,000, should Splish Corporation amortize the difference between the carrying amount and the maturity value over the life of the bonds? select between Yes or No At December 31, 2018, the fair value of the municipal bonds is $816,000. Prepare the entry (if any) to record this information. (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.) Account Titles and Explanation Debit Credit enter an account title enter a debit amount enter a credit amount enter an account title enter a debit amount enter a credit amount