Some IC's of mainboard is shorted by water

My Nexus 4 is accidentally sank into water for 5-10 seconds. Instantly I recovered from the water. Then I have opened its back part and see that only a few drops of water inside. Then I have used hair dryer to dry water drops inside. After drying I switch on my phone, but it was dead. The I have opened the obtrusive plastic frame covering the motherboard and see that, some IC's of the left side of LED flash area are shorted.

It is repairable? or The mainboard is changeable or not?

Answer this question I have this problem too

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