Sweet Company has the following investments as of December $31,2020$: Investments in common stock of Laser Company $$1,460,000$ Investment in debt securities of FourSquare Company $$3,230,000$ In both investments, the carrying value and the fair value of these two investments are the same at December $31,2020.$ Sweet$$s stock investments does not result in significant influence on the operations of Laser Company. Sweet$$s debt investment is considered held$-$to$-$maturity. At December $31,2021,$ the shares in Laser Company are valued at $$1,060,000$; the debt investment securities of FourSquare are valued at $$2,430,000$ and are considered impaired. Assume that the debt investment in FourSquare Company was available$-$for$-$sale and the expected credit loss was $$890,000.$ Prepare the journal entry to record this impairment on December $31,2021$