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 division's assets, $28.9 million; fair value of division's assets, $22.2 million; undiscounted sum of estimated future cash flows generated from the division's assets, $29.2 million. What amount of impairment loss should C&R report in its income statement?