On January 1, 2019, Bean Inc. purchased a patent with a cost 2,320,000, a useful life of 5 years. The company uses straight-line depreciation. At December 31, 2020, the company determines that impairment indicators are present. The fair value less costs to sell the patent is estimated to be 1,080,000. The patent's value-in-use is estimated to be 1,130,000. The asset's remaining useful life is estimated to be 2 years. Bean's 2020 income statement will report Loss on Impairment of ? Select one: a. 0. b. 262,000. c. 1,130,000 d. 312,000 Mond