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: 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 $ 52,500,000 16,200,000 19,000,000 The fair value of the Arizona plant is estimated to be $21,000,000. Required: 1. & 2. Determine the amount of impairment loss. If a loss is indicated, where would it appear in General Optic's multiple-step income statement? 3. If a loss is indicated, prepare the entry to record the loss. 4.& 5. Determine the amount of impairment loss assuming that the estimated undiscounted sum of future cash flows is $21,000,000 instead of $19,000,000 and $36,550,000 instead of $19,000,000. Complete this question by entering your answers in the tabs below. Req 1 and 2 Reg 3 Req 4 and 5 Determine the amount of impairment loss. If a loss is indicated, where would it appear in General Optic's multiple-step income statement? (Enter your answer in whole dollars.) Impairment loss Location on income statement Req 1 and 2 Req3 >