! Required information (The following information applies to the questions displayed below.) In December of 20x4, Atlas Chemical Corporation sold a forklift for $6,700. The machine was purchased in 20x1 for $30,000. Since then $21,900 in depreciation has been recorded on the forklift. 3. Determine the after-tax cash flow at the time the forklift was sold. The firm's tax rate is 31 percent. After-tax cash flow $ 1,400