Dropped my iphone in water. Can it be fixed?

2 days ago I dropped my iphone 4 in the kitchen sink full of water. I dried it and it seemed to be working perfectly fine after the incident. However yesterday morning when I turned the phone on to check something (which I think I shouldn't have done!) the phone turned on to a white screen with black edges as shown in the picture. I thought the phone was unrepairable but after investigating, I realised that the sound, vibrate, and touch screen still work I just can't see anything. The phone still received messages and calls. Seeing as the problem looks to be the screen, can I just replace the screen or is there damage that can't be fixed? Also I've tried putting it in rice but that hasn't worked.

Put some rice in a bag. Then put the iPhone in the bag and let it stay there for 15-30 min. Then try to power it on. If nothing happens call apple right away and tell them what happened to it. I'm positive that it will work after soaking it in rice.

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