Brandon, an individual, began business four years ago and has sold 1231 assets with $6,000 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 $ 30,000 $ 7,000 $ 10,000 Land 40,000 0 20,000 Building 90,000 20,000 (5,000) Assuming Brandon's marginal ordinary income tax rate is 32 percent, what effect do the gains and losses have on Brandon's tax liability?