Hillsborough Co$.$ has a held$-$to$-$maturity investment in the bonds of Schuyler Corp. with a carrying value of $$70,000.$ Hillsborough determined that due to poor economic prospects for Schuyler, the bonds have decreased in value to $$60,000.$ It is determined that this loss in value is uncollectible. Prepare the journal entry, if any, to record the reduction in value.