Transcribed image text: Blue Company has the following investments as of December 31, 2020: Investments in common stock of Laser Company Investment in debt securities of Four Square Company $1,360,000 $3,200,000 In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2020. Blue's stock investments does not result in significant influence on the operations of Laser Company Blue's debt investment is considered held to maturity. At December 31, 2021, the shares in Laser Company are valued at $960,000; the debt investment securities of Four Square are valued at $2.440,000 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 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. 2021 e Textbook and Media