Bridgeport Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31, 2020.

Amortized cost		$51,700
Fair value		43,400
Expected credit losses		12,900

What is the amount of the credit loss that Bridgeport should report on this available-for-sale security at December 31, 2020?

Prepare the journal entry to record the credit loss, if any (and any other adjustment needed), at December 31, 2020.

Assume that the fair value of the available-for-sale security is $56,400 at December 31, 2020, instead of $43,400. What is the amount of the credit loss that Bridgeport should report at December 31, 2020?

Assume the same information as for part (c). Prepare the journal entry to record the credit loss, if necessary (and any other adjustment needed), at December 31, 2020.