Another year has passed and John Rogers has returned to have his tax return completed for Year 3. This year, Mr. Rogers informs you that he is finally ready to fully retire and ceased operations of his consulting business on December 31 of Year 3 and distributed the capital assets of the business as follows: - On December 31, John sold all the office furniture for a total selling price of $20,500. - On December 15, John sold the Mercedes sedan for proceeds of disposition of $35,000. - On December 28, John sold the engineering consultant computer software for proceeds of $2,500. Since this software was rare and specialized, John was able to sell it for a profit. - John decided to keep the laptop and printer for his own personal use. At this time, the fair market value of the laptop and printer was $1,500. - On December 31, John sold Rogers Consulting's name, reputation, and client list for proceeds of disposition of $50,000 to a large engineering consulting firm. John essentially sold the client list, purchased in the previous year, for its original cost of $50,000 (Note: The Rogers Consulting business commenced operations and was sold, both transactions were subseguent to January 1, 2017). Answer the following: 1. John has decided to keep the laptop and printer for his own personal use. Explain to John the tax consequences on a change in use of depreciable property from business purpose to personal use. 2. Determine all of the tax consequences related to all of the dispositions of capital property (noted above) during the taxation year (Year 3), include explanations of each tax consequence