Company L sold an inventory item to Firm M for $40,000, Company L's marginal tax rate is 21 percent. In each of the following cases. Required: a. Compute Company L's after-tax cash flow from the sale when Firm M's payment consisted of $10,000 cash and its note 'for $30,000. The note is payable two years from the date of sale. Company L's basis in the inventory item was $15,700. b. Compute Company L's after-tax cash flow from the sale when Firm M's payment consisted of $5,000 cash and its note for $35,000. The note is payable two years from the date of sale. Company L's basis in the inventory item was $47,000. c. Compute Company L's after-tax cash flow from the sale when Firm M's payment consisted of $40,000 cash. Company L's basis in the inventory item was $18,000. d. Compute Company L's after-tax cash flow from the sale when Firm M's payment consisted of $40,000 cash. Company L's basis in the inventory item was $44,000. Complete this question by entering your answers in the tabs below. Compute Company L's after-tax cash flow from the sale when Firm M's payment consisted of $10,000 cash and its note for $30,000. The note is payable two years from the date of sale. Company L's basis in the inventory item was $15,700. Note: Negative amounts should be indicated by a minus sign