in asset was purchased three years ago for $120,000. It falls into the five-year category for MACRS depreciation. The firm is in 25 percent tax bracket. Use Iable 1212 a. Compute the tax loss on the sale and the related tax benefit if the asset is sold now for $12.560. Note: Input all amounts as positive values. Do not round intermediate calculations and round your answers to whole dollars. b. Compute the gain and related tax on the sale if the asset is sold now for $51,060 Note: Input all amounts as positive values. Do not round intermediate calculations and round your answers to whole dollars. b. Compute the gain and related tax on the sale if the asset is sold now for $51,060. Note: Input all amounts as positive values. Do not round intermediate calculations and round your answers to whole dollars