EzTech, a calendar year accrual basis corporation, generated $900,000 ordinary income from its business this year. It also sold the following assets, all of which were held for more than 12 months. Initial Basis Acc. Depr.* Sale Price Machinery $ 97,500 $40,000 $ 70,000 Office equipment 50,000 12,000 57,000 Warehouse 163,000 22,000 148,000 Investment securities 73,000 n/a 84,000 Investment land 350,000 n/a 328,000 *Through date of sale. EzTech used the straight-line method to calculate depreciation on the warehouse that were purchased after 1986. EzTech also has $4,000 short-term capital loss carryover from 2 years ago, and recognized $3,000 net section 1231 loss last year. a. Compute EzTechs current year taxable income, and any long-term or short-term capital loss carryovers. (answer with a negative number for capital loss carryover) Also compute EzTech's after-tax cash flow from selling the properties. EzTech's marginal tax rate is 34%. b. Recompute taxable income and capital loss carryovers assuming that EzTech used the land in its business instead of holding it for investment. Also recompute EzTech's after-tax cash flow from selling the properties. EzTech's marginal tax rate is 34%.