Sydney Ltd reported the following assets in its statement of financial position at 30 June 2021:

Assets Carrying Amount

Plant $560 000

Land 300 000

Patent 240 000

Office equipment 280 000

Inventory 410 000

$1 790 000

The recoverable amount of the entity was calculated to be $1 660 000. The fair value less costs of disposal of the land was $280 000. Required: Prepare the journal entry for any impairment loss at 30 June 2020.