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Chadwick Enterprises, Inc, operates several restaurants throughout the Midwest. Three of its restaurants located in the center of a large rea have experienced declining profits

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Chadwick Enterprises, Inc, operates several restaurants throughout the Midwest. Three of its restaurants located in the center of a large rea have experienced declining profits due to declining population. The company's mana nent has decided to test the assets of the restaurants for possible impoirment. The relevant information for these assets is presented below. Required: 1. Determine the amount of the impoirment loss. 2. Determine the amount of the impairment loss assuming that the estimated undiscounted sum of future cash flows is $6.8 milion and fair value is 55 milion. (Negative amounts should be indicated by a minus sign. Enter your answers in millions rounded to 1 decimal place, (l.e., 5,500,000 should be entered as 5.5))

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