On January 2, 2020, Bellevue Holdings Ltd. purchased 5%, 10-year bonds with a face value of $200,000 at par. This investment is accounted for at amortized cost. On January 4, 2021, the investee company was experiencing financial difficulties. As a result, Bellevue evaluated the investment and determined the following:

• The present value of the cash flows using the current market rate was $195,000

• The present value of the cash flows using the original effective interest rate was

$190,000 By June 30, 2021, the investee recovered from the financial difficulties and was no longer considered impaired.

Required: Record all the impairment related transactions in 2020 and 2021 assuming Bellevue uses ASPE.