Lento, Inc. owned machinery with a $30,000 initial cost basis. Accumulated book depreciation with respect to the machinery was $12,000 and accumulated tax depreciation was $19,100. Lento sold the machinery for $13,000 in cash. Lento's marginal tax rate is 21 percent. a. Compute Lento's book gain or loss on the sale. b. Compute Lento's tax gain or loss on the sale. c. Compute Lento's after-tax cash flow from the sale. Lento, Inc. owned machinery with a $30,000 initial cost basis. Accumulated book depreciation with respect to the machinery was $12,000 and accumulated tax depreciation was $19,100. Lento sold the machinery for $13,000 in cash. Lento's marginal tax rate is 21 percent. a. Compute Lento's book gain or loss on the sale. b. Compute Lento's tax gain or loss on the sale. c. Compute Lento's after-tax cash flow from the sale