At the end of 2022, Splish Group tests a machine for impairment. The machine is carried at depreciated historical cost, and its carrying amount is 222,000. It has an estimated remaining useful life of 10 years. The machines recoverable amount is determined on the basis of a value-in-use calculation, using a pretax discount rate of 15%. Management-approved budgets reflect estimated costs necessary to maintain the level of economic benefit expected to arise from the machine in its current condition. The following information related to future cash flows is available at the end of 2022 (amounts in thousands; round all calculations to the nearest ). The Company uses straight-line depreciation.

Year		Future Cash Flow		Year		Future Cash Flow
2023		32,797		2028		36,753
2024		31,746		2029		35,691
2025		30,414		2030		37,797
2026		36,605		2031		35,874
2027		37,493		2032		33,818

Compute the amount of the impairment loss at December 31, 2022. (Round factor value to 5 decimal places, e.g. 0.23132 and final answers to 0 decimal places, e.g. 45,892.)

Impairment loss

(b)prepare the journal entry to record the impairment loss, if any, at December 31, 2022.