A company reports the following intangibles at December 31, 2019, prior to impairment testing:

	Book value
Customer lists	$1,500,000
Brand names	5,200,000
Goodwill	8,000,000

The customer lists have a limited life, and amortization expense has already been properly recorded. The brand names have indefinite lives. The goodwill is allocated to Divisions 1 and 2 following U.S. GAAP.

Assume the company bypasses the qualitative assessment for both the brand names and the goodwill. On December 31, 2019, the following information is available:

	Division 1	Division 2
Book value of goodwill	$1,600,000	$ 6,400,000
Fair value of division	14,000,000	20,000,000
Book value of division	16,000,000	19,500,000

Intangible asset	Total expected future cash inflows, undiscounted	Total expected future cash inflows, discounted
Customer lists	$1,600,000	$ 1,200,000
Brand names	4,000,000	3,400,000

Impairment loss for 2019 for the customer lists and brand names, following U.S. GAAP, is

$ 0

$ 300,000

$1,800,000

$2,100,000