LED Corporation owns $1,300,000 of Branch Pharmaceuticals bonds and classifies its investment as securities held-to-maturity. The market price of Branch's bonds fell by $481,000 due to concerns about one of the company's principal drugs. The concerns were justified when the FDA banned the drug. LED views $200,000 of the $481,000 loss as related to credit losses, and the other $281,000 as noncredit losses. LED thinks it is more likely than not that it will have to sell the investment before fair value recovers. What journal entries should LED record to account for any credit or noncredit losses in the current period? How should the decline affect net income and comprehensive income? Complete this question by entering your answers in the tabs below. How should the decline affect net income and comprehensive income? Note: Negative amounts should be entered with minus sign