Hallberg Inc. owns a factory for which it paid $270 million. At the end of 2021, the book value of the factorys assets totaled $190 million. Due to adverse economic conditions, Hallbergs management determined that it should assess whether an impairment loss should be recognized for the factory. The estimated undiscounted future cash flows to be provided by the factory total $150 million, and the factorys fair value at that point is estimated to be $100 million. Under these circumstances, Hallberg:

a) record $40 million impairment loss

b) record $90 million impairment loss

c) record $120 million impairment loss

d) record $170 million impariment loss