(4) Debt instrument at fair value through Oc A debt instrument with fair value of $1,000,000 is purchased on 1 December 20x6 an measured at fair value through other comprehensive income. The instrument has contr dit- term of 5 years and interest rate of 5%. The asset is not purchased or originated cre impaired. The 12-month expected credit loss on origination is $3,000 On 31 December 20x6, the fair value of the debt instrument has decreased to $96 result of changes in market interest rates. There has been no significant increase in credit is since initial recognition and expected credit losses shall be measured at an amount equa month expected credit losses, which amounts to $3,000 0,000 as a to 12- On 1 January 20X7, the entity sells the debt instrument for $960,000 which is the fair value at that date. What is the impact (excluding interest) under IFRS 9 of the above transactions on financial statements