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Accounting, Analysis, and Principles (Part Level Submission) Grouper Enterprises, Inc. operates several stores throughout the western United States. As part of an operational and financial reporting review in a response to a downturn in its markets, the company's management has decided to perform an impairment test on five stores (combined). The five stores' sales have declined due to aging facilities and competition from a rival that opened new stores in the same markets Management has developed the following information concerning the five stores as of the end of fiscal 2016 Original cost Accumulated depreciation Estimated remaining useful life Estimated expected future annual cash flows (not discounted) Appropriate discount rate $38,495,700 4 years 3,717,000 million per yesr 4 percent Click here to view factor tables Your answer is incorrect. Try again Determine the amount of impairment loss, if any, that Grouper should report for fiscal 2016 and the book value at which Grouper should report the five stores on its fiscal year-end 2016 balance sheet. Assume that the cash flows occur at the end of each year. (Round present value factor calculations to 5 decimal places, e.g. 1.25124 and the final answer to 0 decimal places e.g. 5,125. If no loss, enter amount as Amount of impairment loss Click if you would like to Show Work for this question: Open Show Work The parts of this question must be completed in order. This part will be available when you complete the part above