Four years ago, Sierra Instruments of Monterey, California, spent $200,000 for equipment for manufacturing standard gas flow calibrators. The equipment was depreciated by using Modified Accelerated Cost Recovery System (MACRS) using a 3-year recovery period. For year 4, gross income (GI) was $100,000, operating expenses (OE) was $54,000, and T_e was 35%. Develop hand and/or spreadsheet solutions for year 4 only that determine the cash flow after taxes (CFAT) if the asset was disposed of as indicated below. (Neglect any tax effects caused by the sale.)

Sold for $22,000 at the end of year 4; however, SL depreciation was applied throughout the 3-year recovery period.

The CFAT is determined to be $ .