Collison and Ryder Company (C&R) has been experiencing declining market conditions for its sportswear division. Management decided to test the assets of the division for possible impairment. The test revealed the following: book value of divisions assets, $27.3 million; fair value of divisions assets, $21.4 million; sum of estimated future cash flows generated from the divisions assets, $24.4 million.

What impairment loss amount should they recognize?