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12. On January 1, 2014 ABC Sign Company purchased a laser cutter/engraver for $60,000 to reduce is labor cost for custom signs. Using this new manufacturing equipment, ABC produced 800 signs in 2014 and 1000 signs in 2015. Labor and other expenses are $100 per sign, and the signs sold for $250 each. In December 2015 the custom sign business was discounted and the laser cutter was sold for 30,000. The firm has a marginal tax rate of 34% Find the gain or loss in 2015. 13. Find the cash flows for years 0 (initial), 1 (2014), and 2 (2015)