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 $292,000. The excavator is classified as a 10-year property. (MACRS depreciation rates are shown in the table 3.) 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 $228,000? Selected Financial Values 2015 Mike Mulligan Excavations Inc. Sales Cost of Goods Sold S, G&A $2,473,000 $1,028,000 $817,800 The tax on the sale is $ . (Round to the nearest dollar.)