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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

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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, $28.3 million; fair value of division's assets, $21.9 millon; undiscounted sum of estimated future cash flows generated from the division's assets, $24,9 million. What amount of impairment loss should C\&R report in its income statement? Note: Enter your answer in mililons rounded to 1 decimal place (i.e., 3,300,000 should be entered as 3.3)

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