Elaina Company has the following investments as of December 31, 2020: Investments in common stock of Laser Company Investment in debt securities of FourSquare Company $1,500,000 $3,300,000 In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2020. Elaina's stock investments does not result in significant influence on the operations of Laser Company. Elaina's debt investment is considered held-to-maturity. At December 31, 2021, the shares in Laser Company are valued at $1,100,000; the debt investment securities of FourSquare are valued at $2,500,000 and are considered impaired. 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 O for the amounts.) Date Account Titles and Explanation Debit Credit Dec. 31, Debt Investments 800000 2021 Investment Income 800000 Your answer is partially correct. 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 2022 related to impairment? (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 O for the amounts.) Account Titles and Explanation Debit Credit Date Dec. 31, 2022 Accumulated Other Comprehensive Loss 300000 Gain on Sale of Investments 300000 e Textbook and Media List of Accounts Your answer is partially correct. Assume that the debt investment in FourSquare Company was available-for-sale and the expected credit loss was $900,000. Prepare the journal entry to record this impairment on 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 O for the amounts.) Account Titles and Explanation Debit Credit Loss on Sale of Investments 400000 Accumulated Other Comprehensive Loss 400000 e Textbook and Media List of Accounts