In $2022,$ Alliant Corporation acquired Centerpoint Incorporated for $$300$ million, of which $$50$ million was allocated to goodwill. At the end of $2024,$ management has provided the following information for a required goodwill impairment test:

Fair value of Centerpoint Incorporated $ $220$ million

Book value of Centerpoints net assets $($excluding goodwill$)200$ million

Book value of Centerpoints net assets $($including goodwill$)250$ million

Exercise $11-31($Static$)$ Part $1$

Required:

$1.$ Determine the amount of the impairment loss reported in the $2024$ income statement.

Note: Enter your answer in millions $($i$.$e$.,10,000,000$ should be entered as $10).$