Ivanhoe Corporation uses straight$-$line depreciation, prepares adjusting entries annually, and has a December $31$ year end. It

purchased equipment on January $1,2023,$ for $$187,700.$ The equipment had an estimated useful life of five years and a residual value

of $$18,770.$ On December $31,2024,$ the company tests for impairment and determines that the equipment's fair value is $$100,500.$

$($a$)$

Your answer is correct.

Assuming annual depreciation has already been recorded at December $31,$ calculate the equipment's carrying amount at

December $31,2024,$ immediately after recording depreciation for the year.

$($b$)$

Calculate the amount of the impairment loss, if any.

Impairment loss

$