Elaina Company has the following investments as of 12/31/17:Investments in common stock of Laser Company $1,500,000Investments in debt securities of Four Square Company $3,300,000In both investments, the carrying value and the fair value of these two investments are the same at 12/31/17. Elaina's stock investments does not result in significate infulence on operation of Laser Company. Elaina's debt investment is considered held-to-matruity. At 12/31/18, 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. a) Prepare journal entires to record the impairment of these two securities at 12/31/18.b) Assuming the Faisr Value of the Laser shares is $1,400,000 and the value of its debt investments is $2,950,000, what entries, if any, should be recorded in 2019 related to impairment?c) Prepare the journal entires at 12/31/18, assuming these securities are not imapred. ( ignore interest)d) Assume that the debt investment in FolurSquare Compnaywas available-for-sale and the expected credit loss was $900,000.Prepare the Journal entry to record this impairment on 12/31/18.