On January 2, 2020, Blossom Corp. purchased a patent for a new consumer product for $45100. At the time of purchase, the patent was valid for 15 years. Due to the competitive nature of the product, however, the patent was estimated to have a useful life of only ten years. During 2023, the product was permanently removed from the market because of a potential health hazard. What amount should Blossom recognize as an impairment loss for calendar 2023, assuming amortization has been recorded annually using the straight-line method with no residual value? Select answer from the options below - $27060 $4510 $36080 $31570