Bryant Industries has 'one purchased trademark with a book value of $490,000, recorded on its books as of January 1, 2018. Bryant plans to continue to renew this trademark every 10 years and expects the trademark to result in $20,000 of net cash flows each year for the foreseeable future. During 2018, Bryant incurred $70,000 of legal expenses to successfully defend this trademark. At the end of the year, Bryant determined that the trademark had a fair value of $530,000. What amount (if any) of impairment loss should be reported on the 2018 income statement? $ 30.000 OSO $ 290,000 $360.000