Based on an evaluation of current conditions and future expectations, Beach Co. determined that the decline in the fair value (FV) of a debt investment was below the amortized cost but above the present value of the principal and interest expected to be collected. The investment was classified as available-for-sale on Beach's books. The controller would properly record the credit loss based on the CECL model under U.S. GAAP by including it in which of the following? OA. Other comprehensive income section of the income statement only. B. Earnings section of the income statement and writing down the cost basis to FV. O C. Earnings section of the income statement, net of tax, and writing down the cost basis to FV. Other comprehensive income section of the income statement, and writing down the cost basis to FV. O D