Pharoah Corporation acquired Linebrink Products on January 1, 2021 for $7900000, and recorded goodwill of $1900000 as a result of that purchase. At December 31, 2021, Linebrink Products had a fair value of $6653000. The net identifiable assets of the Linebrink (including goodwill) had a carrying value of $7150000 at that time. What amount of loss on impairment of goodwill should Pharoah record in 2021?

$750000

$497000

$1247000

$0