Robertson inc bought a machine on January 1 ,2002 for $ 400000. The machine had an expected life of 20 years and was expected to have a salvage value of $ 40000. In july 1, 2012 the company review the potential of the machine and determined that its undiscounted future net cash flows totaled $200000 and its discounted future net cash flows totaled $ 140000. If no active market exists for the machine and the company does not plan to dispose of it what should Robertson record as an impairment loss on july 1 2012?