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Collison and Ryder Company (C\&R) has been experiencing declining market conditions for its sportswear division. Management decided to test the assets of the division for possible impairment. The test revealed the following: book value of division's assets, $30.1 million; fair value of division's assets, $22.8 million; undiscounted sum of estimated future cash flows generated from the division's assets, $30.5 million. What amount of impairment loss should C\&R report in its income statement? Note: Enter your answers in whole dollars, and not in millions