eal Company has the following investments as of December 31, 2020: $1,620,000 Investments in common stock of Laser Company Investment in debt securities of FourSquare Company $3,070,000 In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2020. Teal's stock investments does not result in significant influence on the operations of Laser Company. Teal's debt investment is considered held-to- maturity. At December 31, 2021, the shares in Laser Company are valued at $ 1,230,000; the debt investment securities of FourSquare are valued at $ 2,290,000 and are considered impaired. (a) Your answer is partially correct. Prepare the journal entry to record the impairment of the debt securities at December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, 2021 Loss on Impairment 390000 Equity Investments 390000