Time Left 11:52:20 Prateek Iripathi: Attempt 1 Question 2 (1 point) ABC Corp shows on its statement of financial position a patent. At the year end of October 31, 20XO, Patent (net) had a balance of $73,230, while at the year end of October 31, 20x1, Patent (net) had a balance of $44,370. The company recorded amortization on the patent in the amount of $6,580 for the 20x1 fiscal year, and the remaining change in the account resulted from recording a loss on impairment for the year ended October 31, 20X1. There were no purchases or sales of patents during the year. Calculate the loss on impairment of the patent for the year ended October 31, 20X1. $20,052 $20,609 $21.166 $21.723 $22,280