Barcode Corporation acquired 70% of the common stock of a Russian company on January 1, 20X6. The goodwill associated with this acquisition was $12,520. Exchange rates at various dates during 20X6 follow:

January 1, 20X6	1 ruble	=	$	0.0313
December 31, 20X6	1 ruble	=	$	0.0308
Average for 20X6	1 ruble	=	$	0.031

Goodwill suffered an impairment of 25 percent during the year. If the functional currency is the Russian ruble, how much goodwill impairment loss should be reported on Barcode's consolidated statement of income for 20X6?

Multiple Choice

$3,080

$3,100

$3,130

$3,090