Facts and information listed below is needed to resolve questions 20 through 21 Sara purchased the following assets during the year. Asset Cost Date Purchased Equipment (7 year property) 150,000 3/1/17 Computers (5 year property) 13,000 7/9/17 Land 1,500,000 10/20/17 Warehouse 7,500,000 10/20/17 Office Furn. (2xcor property) 20,000 11/29/17 20. What is the depreciation expense for the office furniture for the year 2017? (exclude any Section 179 deduction or bonus depreciation) A. $714 B. $2,858. C. $20,000 D. $357 E. $238 21. The land, warehouse and office furniture are sold on June 17, 2019. The purchase price was allocated as follows: $1,600,000 to the land, $7,800,000 to the warehouse and $0 to the office furniture. What is the tax liability associated with this transaction? (The taxpayer's marginal tax rate is 37%; any L/T gain should be taxed at 20%) A. $160,128 B. $158,029. C. $156,245 D. $80,000 E. $148,000