Exercise 17-23 Flint Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31, 2020. Amortized cost Fair value Expected credit losses $51,000 42,000 12,550 What is the amount of the credit loss that Flint should report on this available-for-sale security at December 31, 2020? Amount of the credit loss SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the journal entry to record the credit loss, if any (and any other adjustment needed), at December 31, 2020. (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 December 31, 2020 Assume that the fair value of the available-for-sale security is $55,000 at December 31, 2020, instead of $42,000. What is the amount of the credit loss that Flint should report at December 31, 2020? Amount of the credit loss SHOW LIST OF ACCOUNTS LINK TO TEXT Assume the same information as for part (C). Prepare the journal entry to record the credit loss, necessary (and any other adjustment needed), at Decemb 31, 2020. (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 December 31, 2020 Show Work is REQUIRED for this question: Open Show Work Exercise 17-23 Accumulated Other Comprehensive Loss Allowance for Doubtful Accounts Allowance to Reduce Inventory to Market Bad Debt Expense Bonds Payable Cash Call Option Common Stock Cost of Goods Sold Debt Investments Dividend Revenue Dividend Receivable Equity Investments Fair Value Adjustment Futures Contract Gain on Sale of Investments Gain on Settlement of Call Option Gain on Settlement of Put Option Interest Expense Interest Receivable Interest Revenue Inventory Investment Income Loss on Impairment Loss on Sale of Investments Loss on Settlement of Call Option Loss on Settlement of Put Option No Entry Notes Payable Paid-in Capital in Excess of Par - Common Stock Put Option Recovery of Loss from Impairment Retained Earnings Revenue from Investment Sales Revenue Swap Contract Unrealized Holding Gain or Loss - Equity Unrealized Holding Gain or Loss - Income