Solutions Grouper Company in ferst year of operations provides the following information related to one of its available for sale de securities December 31, 2020 Wley Channel Discunstons Amortecost Fair value Expected credit fosses $51 ROO 43.800 12.950 Conferences Collaborations Wily PLUS Support What is the amount of the credit loss thatGrouper should report on this available for sale security at December 31, 20202 Amount of the credit loss 5- eTextbook and Media List of Accounts Prepare the journal entry to record the credit low any land any other adjustment needed, at December 31, 2020. Creditaccounts are automatically indented when amount is entered. Do not indent manually. I no entry is required latentry for the accounts and enter for the amounts) Date Account Tities and Explanation Debit Credit December 31, 2020 Assume that the fair value of the available for sale security is $56,600 at December 31, 2020, instead of 9 loss that Grouper should report at December 31, 2020? Amount of the credit loss 5 e Textbook and Media List of Accounts Assume the same information as for part id. Prepare the journal entry to record the credit loss, if necessary and any other adjustment needed, at December 31, 2020. (Credit occount 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 Credit December 31, 2020 e Textbook and Media List of Accounts Attempts of used Sumit Awe Save for Later Grouper Company in its first year of operations provides the following information related to one of its available for sale debt securities at December 31, 2020, Amortized cost Fair value Expected credit losses $51,800 43.600 12,950 What is the amount of the credit loss that Grouper should report on this available for sale security at December 31, 2020? Amount of the credit loss $ e Textbook and Media List of Accounts Prepare the journal entry to record the credit loss, if any (and any other adjustment needed), at December 31, 2020. (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.) Credit Date Account Titles and Explanation Debit December 31, 2020 e Textbook and Media Assume that the fair value of the available for sale security is $56.600 at December 31, 2020 instead of 543 600 W hat is the amount of the credit loss that Grouper should report at December 31.20002 Amount of the credit loss $ e Textbook and Media List of Accounts Assume the same information as for partid. Prepare the journal entry to record the credit loss, if necessary and any other adjustment needed, at Drumber 31, 2020. (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 ender for the amounts Date Account Titles and Explanation Debit Credit December 31, 2020 e Textbook and Media List of Accounts Attempts: 0 of used Submit Save for later Send to Gradec