Viking Insurance Company holds an available$-$for$-$sale debt investme nt wit h a carrying

"value of $$40,000.$ The cur rent fair val ue of the investme nt is $$24,000$ and the present value of the expected future cash flows is $30,000.$ There is qualitat ive evidence of this impairment. Should an impairment loss be recorded? How much of this loss should be classified in net"

income and how much should be classified in other comprehens ive income?

$"$a$.$ Yes, the $$16,000$ impairment loss should be reported as part of net income."

$"$b$.$ No$,$ an impairment loss should not be recorded because this is a debt invest ment."

$"$c$.$ Yes, the $$16,000$ impairment loss should be spl it evenly between net income and other comprehensive income."

$"$d$.$ Yes, there is an impairment loss of $$16,000$ with a credit loss of $$10,000$ recorded in Net Income and a non$-$credit loss of $$6,000$ to reported as Other Comprehensive"