Blossom Corporation acquired End-of-the-World Products on January 1, 2020 for $6300000, and recorded goodwill of $1180000 as a result of that purchase. At December 31, 2021, the End-of-the-World Products Division had a fair value of $4629000. The net identifiable assets of the Division (including goodwill) had a carrying value of $5340000 at that time. What amount of loss on impairment of goodwill should Blossom record in 2021?

$960000

$1671000

$0

$711000