Novak Construction & Paving expanded its business by purchasing Alcott Maintenance, a division that provides road maintenance services. The division was purchased three years ago for $3,227,000 and has been identified as a reporting unit. The net assets for the division including goodwill are as follows:

Cash		$239,000
Accounts Receivables		301,000
Inventory		838,000
Property, Plant & Equipment		1,019,000
Goodwill		1,193,000
Accounts Payable		(120,000	)
Unearned Revenue		(75,000	)
Net assets, at carrying amounts		$3,395,000

The fair value of the Alcott Maintenance Division reporting unit as a whole is estimated to be $3,125,000. Management determines that the units value in use is $3,231,000.

Prepare any appropriate journal entries for goodwill impairment assuming that Novak Construction & Paving is reporting under IFRS.