Sylvester Ltd reported the following information in its statement of financial position at 30 June 2022:

Intangible assets	$450,000.00
Accumulated amortisation	-$150,000.00
Land	$450,000.00
Total non-current assets	$1,500,000.00
Cash	$75,000.00
Inventory	$270,000.00
Total current assets	$345,000.00
Total assets	$1,845,000.00
Liabilities	$225,000.00
Net assets	$1,620,000.00

At 30 June 2022, Sylvester Ltd analysed the internal and external sources of information that would indicate deterioration in the worth of its assets. It determined that there were indications of impairment.

Sylvester Ltd calculated the recoverable amount of the assets to be $1,470,000. Required: Calculate and provide the journal entry for any impairment loss at 30 June 2022. Show all workings.