I would highly appreciate it if you could help me ASAP. I posted this question yesterday and I was provided with a wrong answer.

Exercise 17-22 (Part Level Submission) Riverbed Company has the following investments as of December 31, 2017: Investments in common stock of Laser Company $1,580,000 Investment in debt securities of FourSquare Company $3,220,000 In both investments, the carrying value and the fair value of these two investments are the same at December 31, 2017. Riverbed's stock investments does not result in significant influence on the operations of Laser Company. Riverbed's debt investment is considered held-to-maturity. At December 31, 2018, the shares in Laser Company are valued at $1,140,000; the debt investment securities of FourSquare are valued at $2,400,000. Assume that these investments are considered impaired (a) Your answer is correct. Prepare the journal entries for these two securities at December 31, 2018, assuming that they are permanently impaired. (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.) Date Account Titles and Explanation Debit Credit Dec. 31, 2018 Loss on Impairment 440000 440000 (Entry for investments in Laser Company) Loss on Impairment 820000 820000 (Entry for of investments in FourSquare Company) (b) [2 Your answer is partially correct. Try again. Assuming the fair value of the Laser shares is $1,580,000 and the value of its debt investment is $2,840,000, what entries, if any, should be recorded in 2019 related to impairment? (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.) Date Account Titles and Explanation Debit Credit Dec. 31, 2019 Equity Investments 40000 Recovery of Loss from Impairment 440000 Click if you would like to Show Work for this question: Open Show Work