prepare hournal entries in these 3 cases:

1-Blue Spruce is a private enterprise that applies ASPE, prepre the journal entry related to the impairment at Dec 31, 2020

2-Blue Spruce is a private enterprise that applies ASPE, prepre the journal entry related to Dec 31, 2021 fair value of 897,000 and an adjusted carrying amount at that date of 875,000.

3-Blue Spruce applies IFRS and has been a significant increase in credit risk, prepare journal entry related to the impairment at Dec 31, 2020

Blue Spruce Corporation owns corporate bonds at December 31, 2020, accounted for using the amortized cost model. These bonds have a par value of $944,000 and an amortized cost of $930,000. After an impairment review was triggered, Blue Spruce determined that the discounted impaired cash flows are $870,500 using the current market rate of interest, but are $866,000 using the market rate when the bonds were first acquired. The company follows a policy of directly reducing the carrying amount of any impaired assets. For simplicity purposes, assume that no impairment loss had been recorded earlier. Blue Spruce Corporation owns corporate bonds at December 31, 2020, accounted for using the amortized cost model. These bonds have a par value of $944,000 and an amortized cost of $930,000. After an impairment review was triggered, Blue Spruce determined that the discounted impaired cash flows are $870,500 using the current market rate of interest, but are $866,000 using the market rate when the bonds were first acquired. The company follows a policy of directly reducing the carrying amount of any impaired assets. For simplicity purposes, assume that no impairment loss had been recorded earlier