Brandon, an individual, began business four years ago and has sold 1231 assets with $5,100 of losses within the last five years. Brandon owned each of the assets for several years. In the current year, Brandon sold the following business assets:

Asset	Original Cost	Accumulated Depreciation	Gain/Loss
Machinery	$ 30,200	$ 7,200	$ 10,100
Land	42,000	0	21,000
Building	94,000	22,000	(7,000)

Assuming Brandon's marginal ordinary income tax rate is 32 percent, what effect do the gains and losses have on Brandon's tax liability? Use dividends and capital gains tax rates for reference.