Exercise 17-22 (Part Level Submission) Blue Company has the following investments as of December 31, 2017: Investments in common stock of Laser Company Investment in debt securities of FourSquare Company $3,200,000 In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2017. Blue's stock investments does not result in significant influence on the operations of Laser Company. Blue's debt investment is considered held-to-maturity. At December 31, 2018, the shares in Laser Company are valued at $1,020,000; the debt investment securities of FourSquare are valued at $2,330,000. Assume that these investments are considered impaired