Ms. Drake sold a business that she had operated as a sole proprietorship for 18 years on date of sale, the business balance sheet showed the following assets To Boss $43.000 144.00 Accounts receivable Intory Furniture and equipoent: COST Accumulatea depreciation Leasehold provenents Cost Accumulated amortization 64,500 51,00 20.000 3.600) Required: The purchaser paid amp-sum price of $322.500 cash for the business. The sales contract stipulates that the FMV or the business Inventory is $158.800 and the EMV the remaining balance sheet assets equals adjusted tabasis. Assuming that Ms. Drake marginal tax rate and comes 35 percent and her rate on capital gains 15 percent compute the net cash flow from the sale of her business Nom cash now 504,000 Ms. Drake sold a business that she had operated as a sole proprietorship for 18 years. On date of sale, the business balance sheet showed the following assets 345,000 144,000 Accounts receivable Inventory Furniture and equipment Cost Accumciated depreciation Cathola nerovnents cast lated amortization 64,500 (51,600 za.600 (5.600) Required: The purchaset paid a sump sum price of $322.500 cash for the business. The sales contract stipulates that the FMV of the business inventory is $158.800 and the FMV of the remaining balance sheet assets equals adjusted tax basis. Assuming that Ms. Drake's megate on ordinary income 35 percent and her rate on capital gain is 15 percent compute the net cash flow from the sale 17 DO