In 2020, Raven sold machinery with a fair market value of $200,000. The machinery's original basis was $190,000 and Raven's accumulated depreciation on the machinery was $40,000, so its adjusted basis to Raven was $150,000. H a. What is the amount and character of the gain that Raven will recognize in the current year? b. Assume Raven had a net $1231 loss of $1,000 in 2019. If Ravens marginal tax rate is 25% and she had no capital losses for the year, what is total tax liability related to the sale of the machinery? c. Refer to part b. How would the answer change if, during 2020, Raven also had a Collectibles (28%) gain of $4,000 and a short term capital loss of $2,000 carried forward from 2019