Elaina Co. has the following investments as of Dec. 31, 2017-Investments in common stock of Laser Co.-$1,500,000 and investments in debt securities of FourSquare Co.-$3,300,000. In both investments, the carrying value and the fair value of these two investments are the same at Dec. 31, 2017. Elaina's stock investments does not result in significant influence on the operations of Laser Co. Elaina'a debt investment is considered held-to-maturity. At Dec. 31, 2018, the shares in Laser Co. are valued at $1,100,000: the debt investment securities of FourSquare are valued at $2,500,000. Assume that these investments are considered impaired.

a) Prepare the journal entries to record the impairment of these two securities at Dec. 31, 2018.

b) Assuming the fair value of the Laser shares is $1,400,000 and the value of its debt investment is $2,950,000, what entries, if any, should be recorded in 2019 related to impairment?

c) Prepare the journal entries at Dec. 31, 2018, assuming these securities at not impaired. (Ignore interest revenue entries).

d) Assume that the debt investment in FourSquare Co. was available-for-sale and the expected credit loss was $90,000. Prepare the journal entry to record this impairment on Dec. 31, 2018.