IFRS 17-08 Shamrock Company has a held-for-collection investment in the 6%, 20-year bonds of Soto Company. The investment was originally purchased for $1,548,000 in 2019. Early in 2020, Shamrock recorded an impairment of $387,000 on the Soto investment, due to Soto's financial distress. In 2021, Soto returned to profitability and the Soto investment was no longer impaired.

What entry does Shamrock make in 2021 under GAAP. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit

What entry does Shamrock make in 2021 under IFRS? (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit