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Marsh Corporation purchased a machine on July 1, 2017, for $1,200,000. The machine was estimated to have a useful life of 12 years with an estimated salvage value of $18,000. On December 31, 2019, the company reviewed the potential of the machine and determined that its future net cash flows totaled $940,000 and its fair value was $830,000. If the company does not plan to dispose of it, what should Marsh record as an impairment loss on December 31, 2019? a. $0 b. $63,000 C. $222,250 d. $173,000 e. $123,750 Of. $13,750