Alimama Inc. purchased a EV truck company, Yesla Inc. at $3,500,000 on December 31, 2020. The illustration presents that the statement of Yesla Inc.

Yesla Inc. Statement of Financial Position As of December 31,2021
Property, plant, and equipment, net	$1,000,000
Cash	$50,000
Inventory	$800,000
Account Receivable	$500,000
Accounting Payable	$300,000
Long-term Debt	$1,200,000

Yesla Inc. Fair Values
Property, plant, and equipment, net	$3,000,000
Cash	$50,000
Inventory	$600,000
Account Receivable	$500,000
Accounting Payable	$300,000
Long-term Debt	$1,200,000
Patent	$300,000

On December 31, 2021, Alimama Inc. is reviewing Yesla Inc for purposes of its annual impairment testing. Alimama Inc. determines the fair value less costs to sell of Yesla is $3,000,000 and value-in-use is $2,600,000. Prepare the journal entry for recording the impairment loss. (1 point)