Cannabis Seller makes cannabis infused edibles like fava beans and chainti for the Vancouver Island market. They have decided to sell some food processing equipment. The equipment had an original cost of $50,000 and was sold for $20,000. They have a tax rate of 40%, the cca rate is 20% and their cost of capital is 15%. Assume these are the last assets in the class and that the UCC before the transaction was $30,000.

Give the tax consequences of this transaction. (express any tax refund as a negative number)