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An asset was purchased three years ago for $120,000. It falls into the fiveyear category for MACRS depreciation. The rm is in a 25 percent tax bracket. Use Table 1212. a. Compute the tax loss on the sale and the related tax benet ifthe asset is sold now for $12,560. [Input all amounts as positive values. Do not round intermediate calculations and round your answers to whole dollars} 9 Answer is oompiete but not entirely meet. "ax loss on the sale $ 19,500 0 \"ax benet 3 4,875 9 b. Compute the gain and related tax on the sale if the asset is sold now for $51,060. {Input all amounts as positive values. Do not round intermediate calculations and round your answers to whole dollars.) 6 Answer is complete but not entirely correct. \"ax oblioation $ 5.375 a