Oriole, Ltd$.$ purchased equipment on January $1,2019$ at a cost of $$158400.$ The equipment has an estimated useful life of $10$ years and a residual value of $$8800.$ Oriole realized that there was a declining demand for the product being produced by the equipment. Given this indicator of possible impairment, management determined that the recoverable amount of the asset on December $31,2022$ was $$92400.$ The company uses te straight$-$line method of depreciation.

Record the impairment loss, if any, on December $31,2022.$