Bill Sharpe, owner of Sharper Knives Inc., is closing his business at the end of the current fiscal year. His sole asset, the knife-sharpening machine, is four years old. The book value of the machine is $78,100. Bill has agreed to sell the machine at the end of the year for $100,000. What is the tax on the sale of the machine? The tax rate is 35%. Round your answers to the nearest dollar.