Kevin Durant Inc. bought a machine on January 1, 2021 for $800,000. The machine had an expected life of 20 years and was expected to have a salvage value of $80,000. On July 1, 2031, the company reviewed the potential of the machine and determined that its future net cash flows totaled $400,000 and its fair value was $280,000. If the company does not plan to dispose of it, what should Kevin Durant Inc. record as an impairment loss on July 1, 2031? $40,000 O $142,000 $0 $22,000