16 Part 1 of 2 Required information Problem 11-50 (LO 11-5) (Algo) The following information applies to the questions displayed below! 0.25 Da Aruna, a sole proprietor, wants to sell two assets that she no longer needs for her business. Both assets qualify as $1231 assets. The first is machinery and will generate a $19.750 51231 loss on the sale. The second is land that will generate a $12.700 51231 gain on the sale. Aruna's ordinary marginal tax rate is 32 percent (Input all amounts as positive values.) cbook Problem 11-50 Part-a (Algo) AK a. Assuming she sells both assets in December of year 1(the current year), what effect will the sales have on Aruna's tax liability? Aruna's tax will Print Pences send 17 Part 2 of 2 Required information Problem 11.50 (LO 11-5) (Algo) The following formation applies to the questions displayed below) Aruna, a sole proprietor, wants to sell two assets that she no longer needs for her business. Both assets quality as 51231 assets. The first is machinery and will generate a $19,750 51231105s on the sale. The second island that wil generate a $12.700 $1231 gain on the sale. Aruna's ordinary marginal tax rate is 32 percent. input all amounts as positive values.) 0.25 pos bos Problem 11-50 Port-b (Algo) A b. Assuming that Aruna sells the land in December of year and the machinery in January of year 2. what effect will the sales have on Aruna's taxability for each year? hearby