Question 9 of 9 1.75/7 III X Your answer is incorrect. Determine the impairment loss, if any, to be recorded on December 31, 2020. (If answer is zero, do not leave answer field blank. Enter for the amount.) The impairment loss $ 2850000 e Textbook and Media List of Accounts X Your answer is incorrect. Assume that fair value of the Conchita Division is $1,764,000 instead of $1,850,000. Determine the impairment loss, if any, to be recorded on December 31, 2020. (If answer is zero, do not leave answer field blank. Enter O for the amount.) The impairment loss $ 2640000 Question 9 of 9 1.75/7 III * Your answer is incorrect. Prepare the journal entry to record the impairment loss, if any, and indicate where the loss would be reported in the income statement. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Debit Credit Extraord This loss will be reported in income as a separate line item before the subtotal Income from Discontinued Operations Cost of Goods Sold Income From Continuing Operations