Question 1 8 pts 2020 has been a rough year for the New England Patriots and events have raised concerns about the values at which assets are carried on their books. Previously, New England Patriots Co. had acquired three intangible assets with the following carrying values at the end of 2020: 1. Trademark $73,000. It is anticipated that the trademark will be renewed in the future, indefinitely, without problem. 2. Goodwill $408,000. The goodwill is associated with New England's reporting unit where it manufactures underinflated footballs. 3. Customer List $57,000. By contract, New England has exclusive use of the list for five more years. Because of market conditions, it is expected that the list will not have a value beyond that time. At year-end, additional information related to each of the intangible assets has been gathered to assess impairments: 1. The trademark is expected to generate cash flows of $3,400 per year. Recently an offer for the trademark of $42,500 was received which the company feels is equivalent to its fair value. 2. The reporting unit related to the goodwill has a book value of $2,037,000, but due to changes in regulations, the fair value of the unit is estimated to be $1,717,000. 3. The customer list is expected to generate $2,000 per year for the remainder of its life (cash flows occur at the end of the year). The appropriate discount rate for all items is 8% per year. Enter dollar amounts in the following form: $xx.xxx. What is the amount of impairment New England should record on the trademark? If none, enter $0