6. On July 20, 2016, the building occupied by Sunlight City's Parks and Recreation Department suffered severe structural damage as a result of a hurricane. It had been 12 years since a hurricane had hit the Moonlight City area, although hurricanes in Sunlight City's geographic area are not uncommon The building had been purchased in 2011 at a cost of OMR 500,000 and had accumulated depreciation of OMR 125,000 as of July 2016. Based on a restoration cost analysis, city engineers estimate the impairment loss at OMR 57.500; however, the city expects during the next fiscal year to receive insurance recoveries of OMR 30,000 for the damage Required: Should the estimated impairment loss be reported as an extraordinary item? As a Special item? Explain b. Record the estimated impairment loss in the journal for governmental activities at the government-wide level. How should the insurance recovery be reported in the following fiscal year? (You need not provide the joumal entry or entries here.)