Relevant Financial Data Preliminary December $31,2021,$ Property, Plant, and Equipment Information TL CorporationFixed Asset Impairment Tests FYE December $31,2021$Asset GroupingBook ValueFair Market ValueSum of UFCF$*$Step $1**$Step $2***1$$$3,580,000$$$3,330,000$$$3,840,0002840,000730,000680,00032,700,0002,900,0003,100,00043,800,0003,930,0004,180,00052,080,0002,150,0002,460,0006900,000700,000760,00071,100,000960,000880,000$Total$$15,000,000$$$14,700,000$$$15,900,000*$Sum of UFCF $=$ sum of undiscounted future cash flows$**$Step $1$: Determine if there is a fixed asset impairment loss. Is the sum of UFCF less than book value?$***$Step $2$: Calculate the fixed asset impairment loss.DJ CorporationFixed Asset Impairment Tests FYE December $31,2021$Asset GroupingBook ValueFair Market ValueSum of UFCF$*$Step $1**$Step $2***1$$$940,000$$$700,000$$$710,0002250,000240,000310,000390,000100,000130,00041,330,0001,360,0001,790,0005590,000600,000860,000$Total$$3,200,000$$$3,000,000$$$3,800,000*$Sum of UFCF $=$ sum of undiscounted future cash flows$**$Step $1$: Determine if there is a fixed asset impairment loss. Is the sum of UFCF less than book value?$***$Step $2$: Calculate the fixed asset impairment loss.