In 2020. Ty Cobb Inc. had acquired Mickey Mantle Co. In the acquisition, $505,000 of goodwill was recognized; this goodwill was assigned to Ty Cobb's manufacturing reporting unit. For 2021, earnings from the manufacturing unit were $260,000 Separately traded companies with operations similar to the manufacturing reporting unit of Ty Cobb have market values approximately equal to six times earnings (ie, their price-earnings ratios are 6.0). As a result. Cobb estimates the fair value of the manufacturing reporting unit to be $1.560,000. At the end of the year, the book and fair values of the identifiable assets and liabilities of the manufacturing unit are as follows: Book values Fair values Identifiable assets $3,484.000 $4.279,000 Liabilities 2,000,000 2,000,000 Based on this information, how much is the impairment loss that Ty Cobb would record for goodwill at the end of 2021