Required 1 Required 2 Required 3 Assume the Tirish bonds have had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for impairment loss as of December 31, 2018. Note: Enter debits before credits. Event General Journal Debit Credit Impairment loss-NI Allowance for credit losses Clear entry Record entry View general journal Journal entry worksheet Record the entry for impairment loss as of December 31, 2019. Note: Enter debits before credits Debit Event General Journal Credit Allowance for credit losses eversal of impairment loss-NI Record entry Clear entry View general journal Rell Corporation reports under IFRS No. 9. Rell has an investment in Tirish, Inc. bonds the Rell accounts for at amortized cost, given that the bonds pay only interest and principal and Rell's business purpose is to hold the bonds to maturity. Rell purchased the bonds for 11,200,000. As of December 31, 2018, Rell calculates 882,000 of credit losses expected for default events occurring during 2019 and 570,000 of credit losses expected for default events occurring after 2019 Required: 1. Assume the Tirish bonds have not had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018 2. Assume the Tirish bonds have had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018 3. Assume the Tirish bonds have not had a significant increase in credit risk, and that as of December 31, 2019, Rell calculates 770,00O of credit losses expected for default events occurring during 2020 and 470,000 of credit losses expected for default events occurring after 2020. Prepare the journal entry Rell would make with respect to any impairment loss as of December 31, 2019 Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Assume the Tirish bonds have not had a significant increase in credit risk. Prepare the journal entry to record any impairment loss as of December 31, 2018. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet Record the entry for impairment loss as of December 31, 2018 Note: Enter debits before credits Event General Journal DebitCredit Impairment loss-NI Allowance for credit losses