Ivanhoe Inc. manufactures miniature circuit boards used in smartphones. On June $5,2021,$ Ivanhoe purchased a circuit board stamping machine at a retail price of $$24,000.$ Ivanhoe paid $5\%$ sales tax on this purchase and hired a contractor to build a specially wired platform for the machine for $$1,500,$ to meet safety requirements. Ivanhoe estimated the machine would have a $5-$year usefull life, with a residual value of $$1,800$ at the end of $5$ years. Ivanhoe uses straight$-$line depreciation and employs the "half$-$year" convention in accounting for partial$-$year depreciation. Ivanhoe's fiscal year ends on December $31$ and follows ASPE.

During $2023,$ Ivanhoe's circuit board business is experiencing significant competition from companies with more advanced low$-$heat circuit boards. As a result, at June $30,2023,$ Ivanhoe conducts an impairment evaluation of the stamping machine purchased in $2021.$ Ivanhoe determines that undiscounted future cash flows for the machine are estimated to be $$15,140$ and the fair value of the machine, based on prices in the re$-$sale market, to be $$12,740.$

Prepare the journal entry to record an impairment, if any, on the stamping machine.