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 $ 39,500,000 Accumulated depreciation 14,900,000 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 16,400,000 The fair value of the Arizona plant is estimated to be $14,500,000. Determine the amount of impairment loss.