Hello I need help with my assignment. Need to see if I am doing it correctly. If I am not please let me know in detail why I am not. thank you so much

Problem details:

(Impairment) Elaina Company has the following investments as of December 31, 2017:

Investments in common stock of Laser Company $1,500,000

Investment in debt securities of FourSquare Company $3,300,000

In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2017. Elaina's

stock investments does not result in significant influence on the operations of Laser Company. Elaina's debt investment is considered

held-to-maturity. At December 31, 2018, the shares in Laser Company are valued at $1,100,000; the debt investment securities

of FourSquare are valued at $2,500,000. Assume that these investments are considered impaired.

Instructions

(a) Prepare the journal entries to record the impairment of these two securities at December 31, 2018.

(b) Assuming the fair value of the Laser shares is $1,400,000 and the value of its debt investment is $2,950,000, what entries,

if any, should be recorded in 2019 related to impairment?

(c) Prepare the journal entries at December 31, 2018, assuming these securities are not impaired. (Ignore interest revenue entries.)

(d) Assume that the debt investment in FourSquare Company was available-for-sale and the expected credit loss was $900,000.

Prepare the journal entry to record this impairment on December 31, 2018.

Here is my answer so far:

A

Date	Accounts	Dr	Cr
Dec 31st	Loss on Impairment	$400,000
	Equity investment		400,000

Loss on impairment- 1,500,000(common stock laser company) - 1,100,000( 2018 value of shares) = 400,000

Date	Accounts	Dr	Cr
Dec 31st	Loss on Impairment	800,000
	Debt investments		800,000

Loss on impairment- 3,300,000(debt securities FourSquare Company) - 2,500,000 (2018 debt securities) = 800,000

B.

Date	Accounts	Dr	Cr
	No entry
	Impaired securities are not adjusted up.

C

Date	Accounts	Dr	Cr
Dec 31st	Fair Value adjustment	$300,000
	Unrealized Holding Gain or loss income		300,000

Fair value - 1,400,000 - 1,100,000 = 300,000

Date	Accounts	Dr	Cr
Dec 31st	Debt investments	$450,000
	Unrealized holding gain or loss income		450,000

Debtinvestments- 2,950,000 - 2,500,000 = 450,000

D

Date	Accounts	Dr	Cr
Dec 31st	Loss on impairment	$900,000
	Allowance for impaired debt investment		900,000