Regal Inc., a U.S. GAAP reporter, holds an equity investment with a carrying value of $107,250. This investment is not publicly traded and Regal has elected to carry it at adjusted cost. At December 31, 2020, the fair value of the investment is $98,000, which was estimated by using a discounted cash flow valuation. Assume that Regal determines that the investment is impaired. What is the amount of the impairment? Where does Regal report the impairment loss?