Windsor Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31, 2020.

Amortized cost		$51,000
Fair value		42,000
Expected credit losses		12,550

What is the amount of the credit loss that Windsor should report on this available-for-sale security at December 31, 2020?

(a)

Amount of the credit loss

(b) Prepare the journal entry to record the credit loss, if any (and any other adjustment needed), at December 31, 2020. (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.)