Muller Company, an IFRS reporter, holds a debt investment measured at amortized cost of $290,000. The debt security is investment grade. The current fair value of the investment is $198,000 and the present value of the future cash flows from the debt investment is $245,000. The 12 -month expected credit loss $1,740 and the lifetime expected credit loss is $4,060. There has not been a significant increase in credit risk during the current year. Read the reguirements. Requirements Requirement a. If impairmer a. If impairment exists, what amount of loss will Muller report in net income? comprehensive income? (Ent) What amount of loss will it report in other comprehensive income? b. Prepare the journal entry for the impairment loss, if needed