Regis Inc. bought a machine on January $1,2004$ for $$400,000$ and used straight line method. The machine had an expected life of $20$ years and was expected to have a salvage value of $$40,000.$ On January $1,2015,$ the company reviewed the potential of the machine and determined that its undiscounted future net cash flows totaled $$210,000$ and its discounted future net cash flows totaled $$180,000.$ If no active market exists for the machine and the company does not plan to dispose of it$,$ what should Regis record as an impairment loss on January $1,2015?$

$$58,000$

$$11,000$

$$62,000$

$$0$