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 cash. Lento's marginal tax rate is 21 percent. Required: a. Compute Lento's book gain or loss on sale. b. Compute Lento's tax gain or loss on sale. C. Compute Lento's after-tax cash flow from the sale. Complete this question by entering your answers Required A Required B Required Compute Lento's book gain or loss on 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 cash. Lento's marginal tax rate is 21 percent. Required: a. Compute Lento's book gain or loss on sale. b. Compute Lento's tax gain or loss on sale. c. Compute Lento's after-tax cash flow from the sale. Complete this question by entering your answers Required A Required B Required C Compute Lento's tax gain or loss on 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 cash. Lento's marginal tax rate is 21 percent. Required: a. Compute Lento's book gain or loss on sale. b. Compute Lento's tax gain or loss on sale. c. Compute Lento's after-tax cash flow from the sale. Complete this question by entering your answers Required A Required B Required C Compute Lento's after-tax cash flow from the sale. After-tax cash flow