5s Water damage. What can I do now?

My iPhone had a "journey" in a water for about 10 minutes, that wasn't much water, but was enough for....
around 10% of a screen is covered by water (from inside)
there is water on the bottom of the screen covering all bottom line of the keyboard where the [SPACE] is and some area around V
also some area on the top of the screen where is network info
speaker is not working, only works when someone is calling and heaphones are plugged in, so normally speaker is not working, I think iPhone thinks that heaphones are connected
I have switched off and turned on the iPhone, and there were some graphic problems, as screen seems blurred, some lines appears,
What should I do now? I still have a warranty, as I bought iphone in the beginning of February, 2014.
Will Apple repair the iPhone?
Or can I give this iPhone for apple and get a new iPhone with a discount?
Or something else?
Thanks,

Apple will not repair the iPhone, and water damage voids the warranty.  Take the iPhone to an Apple store genius bar for an out of warranty replacement...in the US that is $269 for the iPhone 5S.

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