On January 2, assume that the company BB purchases equipment that fabricates a key-product part. That equipment costs $95, 000, and its estimated useful life is five years, and after which it is expected to be sold for $10, 000, BB uses straight-line depreciation. At the end of the third year, BB estimates that the equipment will generate $39, 500 in undiscounted cash flow over its remaining life and that it has a current fair value of $36, 000. Is the equipment impaired? If, so, determine the amount of the gain or loss on the asset impairment. (Clearly indicate gain or loss and the amount.)