Check my General Optic Corporation operates a manufacturing plant in Arizona. Due to a significant decline in demand for the product manufactured at the Arizona site, an impairment test is deemed appropriate. Management has acquired the following information for the assets at the plant: 0.62 points Cost Accumulated depreciation General's estimate of the total cash flows to be generated by selling the products manufactured at its Arizona plant, not discounted to present value $43,500,000 15,300,000 17,200,000 eBook Hint References The fair value of the Arizona plant is estimated to be $16,500,000 Required: 1. Determine the amount of impairment loss. 2. If a loss is indicated, prepare the entry to record the loss. 3. & 4. Determine the amount of impairment loss assuming that the estimated undiscounted sum of future cash flows is (3) $16,500,000 instead of $17,200,000 and (4) $29,150,000 instead of $17,200,000. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 and 4 Reg 1 Determine the amount of impairment loss. (Negative amount should be indicated by a minus sign.) Impairment loss | Req 1 Req 2 Req 3 and 4 If a loss is indicated, prepare the entry to record the loss. (If no entry is required for a transaction/event, select "No jou required" in the first account field. Enter your answers in whole dollars.) View transaction list Journal entry worksheet Record the impairment loss. Note: Enter debits before credits. Event General Journal Debit Credit Record entry Clear entry View general journal Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 and 4 Determine the amount of impairment loss assuming that the estimated undiscounted sum of future cash flows is (3) $16,500,000 instead of $17,200,000 and (4) $29,150,000 instead of $17,200,000. (Negative amounts should be indicated by a minus sign.) Impairment loss Impairment loss 4.