Required information Skip to question [The following information applies to the questions displayed below.] In December of 20x4, Atlas Chemical Corporation sold a forklift for $19,050. The machine was purchased in 20x1 for $105,000. Since then $82,950 in depreciation has been recorded on the forklift.

3. Determine the after-tax cash flow at the time the forklift was sold. The firms tax rate is 31 percent.