A University's Endowment Fund Has Investments That Were Purchased for $400,000

A university's endowment fund has investments that were purchased for $400,000. As of the end of the fiscal year, the fair value of the investments decreased by $33,000. What journal entry is required to reflect the change in the fair market value of the investments? $\begin{array}{llr}&&\text { Debit }&\text {Credit }\\ \text { A. } &\text {Loss on Endowment Investments } &\$33,000\\& \text { Endowment Investments.} &&\$33,000\\\\ \text { B. } &\text { Interest Expense } &\$33,000\\& \text { Endowment Investments} &&\$33,000\\\\ \text { C. } &\text { Revenues-Investment Income } &\$33,000\\& \text { Endowment Investments } &&\$33,000\\\\ \text { D. } &\text { Interest Expense } &\$33,000\\& \text {Deferred Revenues } &&\$33,000\\\end{array}$