At the beginning of 2019, Continental Automotive Inc. acquired Japan Parts LLC for $550 million. In addition to cash, receivables, and inventory, the following assets and their fair values were also acquired: Plant and Equipment (depreciable assets) Patent Goodwill $145,000,000 35,000,000 100,000,000 The plant and equipment are depreciated over a 10-year useful life on a straight-line basis. There is no estimated residual value. The patent is estimated to have a 5-year useful life, no residual value, and is amortized using the straight-line method. At the end of 2021, a current period loss and historical losses indicated to management that the assets of Japan might be impaired. The following amounts have been determined: Plant and Equipment: Undiscounted Sum of Future Cash Flows Fair Value Patent: Undiscounted Sum of Future Cash Flows Fair Value Goodwill: Fair Value of Japan Parts LLC Fair Value of Japan's Net Assets (excluding goodwill) Fair Value of Japan's Net Assets (including goodwill) After first recording any impairment losses on plant and equipment and the patent. Use the following format for all answers: 1,234,567 or (1,234,567) for losses $75,000,000 55,000,000 20,000,000 12,000,000 395,000,000 340,000,000 420,000,000 1. What is the book value of the property plant and equipment on December 31, 2021 before impairment? 1. What is the book value of the property plant and equipment on December 31, 2021 before impairment? 2. What is the book value of the patent on December 31, 2021 before impairment? 3. What is the frequency for impairment testing of goodwill? (monthly, quarterly or annually) 4. What is the impairment loss for plant and equipment? 5. What is the impairment loss for the patent? 6. What is the impairment loss for goodwill?