Can someone help me determine the correct responses to this question?

! Required information (The following information applies to the questions displayed below.] In December of 20x4, Atlas Chemical Corporation sold a forklift for $9,700. The machine was purchased in 20x1 for $50,000. Since then $38,500 in depreciation has been recorded on the forklift. 1. What was the forklift's book value at the time of sale? Book value 2. Compute the gain or loss on the sale. on sale 3. Determine the after-tax cash flow at the time the forklift was sold. The firm's tax rate is 45 percent. After-tax cash flow