Your answer is partially correct. Try again. Concord Company has an investment in 7%, 13-year bonds of Soto Company. The investment was originally purchased at par for $280 in 2016 and it is accounted for at amortized cost. Early in 2017, Concord recorded an impairment on the Soto investment due to Soto's financial distress. At that time, the present value of the cash flows discounted using the original effective interest rate was $252, and the present value of the cash flows using the then current market rate was $255. In 2018, Soto returned to profitability and the Soto investment was no longer considered impaired. Prepare the entries Concord would make in 2017 and 2018 under ASPE. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit 2017 Investment Income or Loss 28 Loss on Impairment 28 2018 Unrealized Gain or Loss - OCI 25 Investment Income or Loss 25