please help me find Arnie's after-tax cash flow

(3) Sale of a business: Stock sale vs. asset purchase (20 points) Arnie owns all the stock of Yellow, Inc., a C corporation for which his adjusted basis is $300,000. Arnie founded Yellow 12 years ago. Arnie is a married taxpayer with taxable income inexgessgj $5 million. Jack is a single taxpayer with a marginal tax rate of 24% The assets and liabilities of Yellow are: 4- Assets Basis FMV Cash $15,000 $15,000 Accounts receivable 0 25,000 Inventory 35,000 30,000 Machinery and equipment* 70,000 90,000 Land 60,000 150,000 Liabilities Basis FMV Accounts payable 0 $5,000 Notes payable 10,000 10,000 *Yellow deducted $55,000 of depreciation. Arnie agrees to sell the business to Jack, and they have agreed on a purchase price of $565,000. Part a - Stock sale: Assume that Jack purchases the Yellow Corporation stock from Arnie for $565,000 (1) Compute Arnie's after-tax cash flow