Please solve correctly and show any necessary steps

A wholesale business with a December 31 year-end purchased new equipment on November 25,2021 , for $40,000. Before 2021, the business owned no other equipment. Required: a. What are the tax consequences If the business sells the equipment in 2023 for (a) $15,000 ? (b) $23,000 ? (c) $46,000 ? (Use a minus sign (-) when entering numbers that reduce UCC.) b. How would your answer change If on December 31, 2023, the business acquired new equipment costing $1,000 ? Assume the new equlpment is not designated Immedlate expensing property. (Use a minus sign (-) when entering numbers that reduce UCC.)