A machine cost $1032000, has annual depreciation of $172000, and has accumulated depreciation of $817000 on December 31, 2020. On April 1, 2021, when the machine has a fair value of $236500, it is exchanged for a machine with a fair value of $1161000 and the proper amount of cash is paid. The exchange had commercial substance. The new machine should be recorded at $1139500 $924500. $1053500 $1161000 Cullumber Corporation acquired End of the World Products on January 1, 2020 for $6450000, and recorded goodwill of $1210000 as a result of that purchase. At December 31, 2021, the End of the World Products Division had a fair value of $4789000. The net identifiable assets of the Division (including goodwill had a carrying value of $5490000 at that time. What amount of loss on Impairment of goodwill should Cullumber record in 2021? $701000 $1661000 $0 $960000