In December of 20x4, Memphis Plastics sold a forklift for $18,300. The machine was purchased in 20x1 for $80,000. Since then $59,200 in depreciation has been recorded on the forklift. value 3.34 points 1. What was the forklift's book value at the time of sale? Book value 2. Compute the gain or loss on the sale on sale 3. Determine the after-tax cash flow at the time the forklift was sold. The firm's tax rate is 45 percent After-tax cash flow