Bubbly Company decided to sell a component of its business that meets the requirements for discontinued operations treatment.$$ The sale date is planned for February $1,$ Year $9.$

The component earned revenues of $$800,000$ and incurred expenses of $$975,000$ during Year $8.$ At December $31,$ Year $8,$ assets of the component totaled $$4,000,000$ and liabilities totaled $$1,500,000.$ The component is expected to be sold on February $1,$ Year $9$ for $$1,700,000.$ The company's tax rate is $20\%.$

Calculate the "Impairment loss on discontinued operations, net of tax" to report in the Income Statement.$$ If no amount is to be reported, enter $0.$ You may use $()$ or $-$ to indicate the loss.$$ Do NOT use a $ sign and round to the nearest whole number.