Jorg Top Menswear, Lid. reported not plant and equipment of $1,618,000. These assets cost $2.508,000 with accumulated depreciation taken to date of $60,000. Based on recently assessed negative evidence, Jorg Top's management concluded that its plant assets might be impaired. Jorg Top estimates total expected future cash flows from the use of the assols as only $1,300,000 and appraises the fair value of the assets at $1,010,000. Are the company's assets impaired? If there is an impairment loss, prepare the journal entry necessary to record the impairment. Conduct the impairment test for plant and equipment at the end of the year to determine whether Jorg Top Menswear's assets are impaired Plant and Step 1: Equipment Impairment indicated line of the test is not required, leave a remaining cols in that combank However, it Now, complete stop 2 of the impairment test for plant and equipment. Select whether step 2 of the test is required on the f the test is required, but no impairment loss exists, then leave only the impairment loss input Collblank in that column) Plant and Step 2: Step 2 required Choose from any list or enter any number in the input fields and then continue to the next