Book Name: Principles of Managerial Finance - 180 Day Option, 14th Edition Lawrence J. Gitman

P27 Capital gains taxes As part of its operations, Fergusons Plumbing has bought and sold several nondepreciable capital assets. The purchase and sale prices for these assets are contained in the following table. Assuming that Fergursons pays a 40% capital gains tax, complete the table by filling in the last two columns.

Asset Sale price Purchase price Capital gain Tax

A $3,400 $3,000

B 12,000 12,000

C 80,000 62,000

D 45,000 41,000

E 18,000 16,500

I am getting stuck on this question, please provide me with a detail calculation steps on this question! Thank you highly appreciated!