Repeat E16-19 assuming that Gretta Company reports under IFRS and measures the debt security at amortized cost. Gretta determines that there has not been a significant increase in credit risk in 2021 or 2022. In 2021, Gretta determines that the probability of default is 1% over the next 12 months and 3% over the life of the investment. In 2022, Gretta determines that there is a 0.75% probability of default over the next 12 months and a 2% probability over the lifetime of the investment.

Data from Exercises 19

Gretta Company purchased a debt investment on June 15, 2021, and classified it as held to maturity. On December 31, 2021, the investment had a carrying value of $8,500 and a fair value of $8,000. On that date, the present value of the future cash flows from the debt investment is $8,100. On December 31, 2022, the carrying value, fair value, and present value of the future cash flows from the investment are $7,900, $7,800, and $7,800, respectively. What is the amount of the impairment loss/gain in 2021 and 2022? Where does Gretta report the impairment loss/gain?