Sweet Company has the following investment as of December $31,2022$:

Investment in debt securities of FourSquare Company

$$3,200,000$

The carrying value and the fair value of the investment are the same at December $31,2022.$ Sweet's debt investment is considered held$-$for$-$collection. At

December $31,2023,$ the debt investment securities of FourSquare are valued at $$2,460,000.$ Assume that these investments are considered impaired.

$($a$)$

Prepare the journal entries to record the impairment of these securities at December $31,2023.($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 $0$ for the amounts.$)$