Gamma Corporation has two intangible assets reported on its balance sheet. For all intangibles, the company estimates zero salvage value. For those with limited lives, Gamma uses a straight-line method of amortization. 2. 1. Patent Trademark A patent was purchased for $220,000 on September 1, 2020. Gamma estimated the useful life to be 10 years. On December 31, 2021, qualitative conditions suggest the book value may not be recoverable. The estimated future cash flows attributed to the patent were $200,000. On December 31, 2021, the fair value of the patent was estimated to be $180,000. Gamma paid $150,000 for a trademark on March 1, 2020. The trademark is considered to have an indefinite life. Due to changes in Gamma's operating environment in which this trademark has been used, they determine the fair value of the trademark on December 31, 2021 is $125,000. Gamma intends to continue to use both assets. Determine the impairment loss (if any) recorded in 2021 related to the two intangible assets: $40,000 O $25,000 O $65,000 $12,500