Assume that today is December 31, 2015. Mike Mulligan Excavation Inc. has one Caterpillar 345DL Hydraulic Excavator. It was purchased at the beginning of 2014 for

$ 294,000. The excavator is classified as a10-year property. (MACRS depreciation rates are shown in the table

.)

Selected financial values for 2015 are shown in the table, below. Assume a corporate tax rate of 35 %. What is the tax on sale in 2015 if Mike sells the 345DL at the end of 2015 for

$ 151,000?

(Enter any tax benefit as a negative tax.)

Selected Financial Values 2015 Mike Mulligan Excavations Inc.
Sales	$ 2,469,000

Cost of Goods Sold	$ 1,032,000

S, G & A	$ 817,800

The tax (or tax benefit for an ordinary loss) on the sale is ?(Round to the nearest dollar.)