Question 6 View Policies Current Attempt in Progress Assume that Marin Company has recently fallen into financial difficulties. By reviewing all available evidence on December 31, 2020, one of Marin's creditors, the National American Bank, determined that Marin would pay back only 65% of the principal at maturity. As a result, the bank decided that the loan was impaired. The loss is estimated to be $271,100 What entry should National American Bank make to record this loss? (If no entry is required, select "No Entry" for the account titles and enter amounts. Credit account titles are automatically indented when the amount is entered. Do not indent manually.) for the Date Account Titles and Explanation Debit Credit Dec. 31, 2020