Exercise 17 Tamarisk Company has the following investments as of December 31, 2017 -22 (Part Level Submission) $1,390,000 nvestments in common stock of Laser Company Investment in deht sacurities of Foursquara Company $3,320,D00 In both investments, the carrying value and the fair value of thase two investments are tha same at Dacember 31, 2017. Tamarisk's stock investments does not result in significant infuence an the operations of Laser Company. Tamarisks deht investment is considered held-to- matunity. At December 31, 2018, the shares in Laser Company ae valued at $910,ono;the debt investment seourities af FourSquare are valued at $,520,000. Asume that these investments are considered impaired ember 31 ? (a) Prepare the journal entries for these two securities at December 31, 2018, assuming that they are permanently impaired. (Credit account titles are automatically indented when amount is entered. Do nat indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) utomaticn Date Account Titles and Explanation Dehit Credit Dec. 31, 2019 Entry for investments in Laser Company) (Entry for of investments in FourSquare Company)