Sunland Enterprises, Inc. operates several stores throughout the western United States. As part of an operational and financial reporting review in a response to a downturn in its markets, the companys management has decided to perform an impairment test on five stores (combined). The five stores sales have declined due to aging facilities and competition from a rival that opened new stores in the same markets. Management has developed the following information concerning the five stores as of the end of fiscal 2019.

Original cost		$37,830,000
Accumulated depreciation		$9,490,000
Estimated remaining useful life		4 years
Estimated expected future annual cash flows (not discounted)		$4,060,000 per year
Appropriate discount rate		4 percent

Determine the amount of impairment loss, assume that (1) the estimated remaining useful life is 10 years, (2) the estimated annual cash flows are $2,947,320 per year, and (3) the appropriate discount rate is 5 percent. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 5,125. If no loss, enter amount as 0.)

Amount of impairment loss

$