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 $ 44,500,000 15,400,000 17,400,000 The fair value of the Arizona plant is estimated to be $17,000,000. 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 $17,000,000 instead of $17,400,000 and $29,250,000 instead of $17,400,000