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).

Date	Account	Debit	Credit