Duff Company carries an equity investment of a privately held company. Duff elected to measure this equity security without a readily determinable fair value at adjusted cost. The current carrying value of the equity shares is equal to $350,100. Duff uses market comparables to estimate the current fair value of the investment at $280,000. A qualitative assessment indicates that impairment does exist. Read the requirements. Requirements a. If impairment exists, What amount of loss will Dutf report in net income? What of loss will it report in other amount of loss will it report in other comprehensive income? b. What is the journal entry for the impairment loss, if needed? ive income