Help Save Chapter 11 - Due April 17 0 10 Rquired information The tolowing information applies to thee questsons displayed below needs for her business Both assets qualify as $1231 ate a $24,500 $1231 loss on the sale The second is land that will generate a a sole propietor, wants to sell two assets that she no longer Aruna, assets. The first is machinery and will genera $16.500 512 31 gan on the sale Aruna's ordinary marginal tax rate "s 30 percent Part 2 of 2 nput altmounts as positiv 0 b. Assuming that Aruna sells the land in December of year 1 and the machinery in Aruna's tax liablity for each year? January of year 2 what eflect will the sales have on Aruna's tax Aruna's tax Secreasesnyear 2 by P10 F12 P4 FS 5 7