1.In early December of 2013, Kettle Corp purchased $50,000 of Icalc Company common stock, which constitutes less than 1% of Icalc's outstanding shares. By December 31, 2013, the value of Icalc's investment had fallen to $40,000, and Kettle recorded an unrealized loss. By December 31, 2014, the value of the Icalc investment had fallen to $25,000, and Kettle determined that it can no longer assert that it has both the intent and ability to hold the shares long enough for their fair value to recover, so Kettle recorded an OTT impairment. By December 31, 2015, fair value had recovered to $30,000.

Required:
Prepare appropriate entry(s) at December 31, 2013, 2014, and 2015, and for each year indicate how the scenario will affect net income, OCI, and comprehensive income.