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 $49,500,00 15,900,e00 18,400,000 manufactured at its Arizona plant, not discounted to present value The fair value of the Arizona plant is estimated to be $19,500,000. 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 $19,500,000 instead of $18,400,000 and $34,250,000 instead of $18,400,000. Complete this question by entering your answers in the tabs below Req 1 and 2 Req 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)