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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

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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 45 percent. After-tax cash flow

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