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Carla Company in its first year of operations provides the following information related to one of its available-for-sale debt securities at December 31, 2020 Amortized cost $50,300 Fair value 40,600 Expected credit losses 12 200 Your answer is incorrect What is the amount of the credit loss that Carla should report on this available-for-sale security at December 31, 2020? Amount of the credit loss $ Prepare the journal entry to record the credit loss if any land any other adjustment needed), at December 31, 2020. (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 for the amounts:) Debit Credit Date Account Titles and Explanation December 31, 2020 eTextbook and Media List of Accounts * Your answer is incorrect Assume that the fair value of the available-for-sale security is $53,600 at December 31, 2020, instead of $40,600. What is the amount of the credit loss that Carla should report at December 31, 2020? Amount of the credit loss Assume the same information as for part (c). Prepare the journal entry to record the credit loss, if necessary (and any other adjustment needed), at December 31, 2020. (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 for the amounts.) Date Account Titles and Explanation Debit Credit December 31, 2020

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