Current Attempt in Progress Flint Inc. manufactures agricultural implements for commercial farms. As a result of recent technological advances, the market demand for one of its garden tractors has been steadily declining. The following assets are used in the manufacturing process: Small Tools Specialized Machinery Standard Machinery Cost $ 13,750 (a) 82,800 137,500 Accumulated Depreciation $8,250 61,050 112,750 Carrying Value $5,500 21,750 24,750 Flint Inc. is currently testing these assets for impairment. It determines that the small tools and specialized machinery have no other use and as a result no resale value. While the standard machinery could be sold today for $27,500, Flint Inc. plans to keep producing the garden tractors for three more years. It expects net cash flows from production to be $11,000 yearly and that it can sell the standard machinery for $19.250 at the end of year three. The fair value of these assets less the cost of disposal is estimated at $29,700. The current interest rate is 5%. R Assume that Flint Inc. follows IFRS and uses the rational entity model. Determine the impairment loss. (Round answer to 0 decimal places, e.g. 5,275.) Impairment loss How would the impairment loss be allocated to the assets in the cash-generating unit? (Round answers to 0 decimal places, e.g. 5,275.) Small Tools Specialized Machinery $