Cullumber Corporation acquired End-of-the-World Products on January 1, 2020 for $6450000, and recorded goodwill of $1210000 as a result of that purchase. At December 31, 2021, the End-of-the-World Products Division had a fair value of $4789000. The net identifiable assets of the Division (including goodwill) had a carrying value of $5490000 at that time. What amount of loss on impairment of goodwill should Cullumber record in 2021?

$960000

$1661000

$0

$701000