3 ces Required information [The following information applies to the questions displayed below) Assume that Timberline Corporation has 2021 taxable income of $262,000 for purposes of computing the $179 expense. It acquired the following assets in 2021 (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5) Asset Purchase Date Furniture (7-year) December 1 Computer equipment (5-year)) February 28 Copier (5-year) Machinery (7-year) July 15 May 22 Total Basis $416,000 112,000 52,000 470,000 $1,050,000 Required: a-1. What is the maximum amount of $179 expense Timberline may deduct for 2021 a-2. What is Timberline's $179 carryforward to 2022, if any? a-1 Maximum 5179 expense a2 Maximum 5179 carryforward