Sarasota Company has the following investments as of December 31, 2020: Investments in common stock of Laser Company $1,390,000 Investment in debt securities of FourSquare Company $3.320,000 In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2020. Sarasota's stock investments does not result in significant influence on the operations of Laser Company Sarasota's debt investment is considered held to-maturity. At December 31, 2021. the shares in Laser Company are valued at $1,010,000; the debt investment securities of Foursquare are valued at $2.320,000 and are considered impaired. Prepare the journal entry to record the impairment of the debt securities at December 31, 2021. (Credit account titles are automatically indented when nicunt is entered, Dorot indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31 2023 300000 Assuming the fair value of the Laser shares is $1.290,000 and the value of its debt investment is $3,000,000, what entries, if any should be recorded in 2022 related to impairment? (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Date Account Titles and Explanation Debit Credit Dec. 31, Lost on Impairment 2022 e Textbook and Media List of Accounts Assume that the debt investment in Four Square Company was available for sale and the expected credit loss was $900,000, Prepare the journal entry to record this impairment on December 31, 2021. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts) Account Titles and Explanation Debit Credit e Textbook and Media List of Accounts