Sweet Company has the following investments as of December $31,2025.$

Investments in common stock of Laser Company $,$$$1,350,000$

Investment in debt securities of FourSquare Company $,3,390,000$

In both investments, the carrying value and the fair value of these two investments are the same at December $31,2025.$ Sweet's stock.

investments do not result in significant influence on the operations of Laser Company. Sweet's debt investment is considered held$-$to$-$

maturity. At December $31,2026,$ the shares in Laser Company are valued at $$1,060,000$; the debt securities of FourSquare are valued

at $$2,530,000$ and are considered impaired.

$($a$)$

Prepare the journal entry to record the impairment of the debt securities at December $31,2026.($List debit entry before credit entry.

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.$)$