General Optic Corporation operates a menufacturing 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. The fair value of the Arizona plant is estinated to be $20.000,000. Required: 1. Determine the amount of impairment loss: 2. If a loss is indicated, prepare the entry to record the loss. 3. 8 4. Determine the amount of mpairment loss assuming that the estimated undiscourred sum of furure casn flows is (B) $20.000.000 instead of $18,600,000 and (4) $36,500,000 instead of $18,600,000. Complete this question by entering your answers in the tabs below. If a loss is indicated, prepare the entry to necord the loss. (ff no entry an noquired for a transaction(event select Wo joumbl entry required in the first account fieid. Enter your answer. in whole collars.? Journal entry worksheet If a loss is indicated, prepare the entry to record the loss. Noter-Fintar detilds belore creats