Please answer both parts.

Walt Hubble is contemplating selling rental property that originally cost $202,900. He believes that it has appreciated in value at an annual rate of 5% over its 4-year holding period. He will have to pay a commission equal to 5% of the sale price to sell the property. Currently, the property has a book value of $138,940.57. The mortgage balance outstanding at the time of sale currently is $155,752.36. Walt will have to pay a 15% tax on any capital gains and a 25% tax on recaptured depreciation. a. Calculate the tax payable on the proposed sale. b. Calculate the after-tax net proceeds associated with the proposed sale, CFR. a. The tax payable on the proposed sale is $ . (Round to the nearest cent.)