Kirby Corporation has three divisions. It purchased one division, Pritt Products, four years ago for $2 million. Unfortunately, Pritt experienced operating losses over the last three quarters. Kirby management is now reviewing the division for purposes of recognizing an impairment. The carrying value of Pritt Divisions net assets, including the associated goodwill is presented below:

Assets Fair Value Cash $200,000

Accounts receivable 300,000

Inventory 700,000

PPE (net) 800,000

Goodwill 900,000

Liabilities (500,000)

Fair value of net assets $2,400,000

Kirby determines the fair value of Pritt Division at the time of the impairment analysis is $1,900,000.The fair value and carrying value of the assets are the same. Write the journal entry to record any impairment loss (if any).