Brandon, an indlvidual, began business four years ago and has sold $123t assets with $5,350 of losses within the last five years Brandon owned each of the assets for several years. In the current year, Brandon sold the followng business assets: Assuming Brandon's marginal ordinary income tax cote is 32 percent, what effect do the geins and losses have on Brandon's tax liability? Use dividends and ceestal gains tax mites for reference. Tax Rates for Net Capital Gains and Qualified Dividends for stas parpoce? Multiple Choice $21,850 ordinary income and $6,992 toxilebitity $21,850$1231 gain and $3,278 tax tability $8,800$1231 gain, $13,050 ordinary income, and $5,496 tax liablity $13,05051231 gain, $8,800 ordinary income, and $4774 tax liablity None of the choices are correct