On January 1, 2021, Bridgeport Inc. purchased an investment in Drexall Inc. bonds for $180,000, at par value. The bonds pay interest on December 31 each year. However, the company has determined that, due to a default on making interest and principal payments, there is objective evidence of impairment, which represents a triggering or loss event. The present value of the discounted revised cash flows is $148,000 using the original effective interest rate and $136,000 using the current market interest rate. The market value of the bonds is $128,000. Prepare the journal entries for impairment under ASPE and IFRS, respectively, assuming the company uses the amortized cost model.