Hubert Enterprises acquired Lyons, Inc. on January 1, 2019. The $900,000 excess of cost over book value of Lyons' net assets was partly attributable to a patent undervalued by $400,000. The patent has a 10-year life. The remaining excess is considered goodwill. The separate financial statements of the two companies for 2018 are presented below. Required: a. Now assume that at year-end a goodwill impairment test is conducted before the consolidated statements are issued. The estimated fair value of the subsidiary is $3,000,000. The fair value of the identifiable net assets is $2,600,000. (the Investment account balance is $3,110,034). Is GWL impaired? If such, how much loss would be recognized?