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 fo the assets at the plant: The fair value of the Arizona plant is estimated to be $17,500,000. 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) $17,500,000 instead of $17,600,000 and (4) $30,250,000 instead of $17,600,000. Complete this question by entering your answers in the tabs below. Determine the amount of impairment loss assuming that the estimated undiscounted sum of future cash flows is (3) $17,500,000 instead of $17,600,000 and (4) $30,250,000 instead of $17,600,000. (Negative amounts should be indicated by a minus sign.)