Required Information (The following information applies to the questions displayed below) Woolard Supplies (a sole proprietorship) has taxable income in 2020 of $240,000 before any depreciation deductions (5179, bonus, or MACRS) and placed some office furniture into service during the year. The furniture does not qualify for bonus depreciation. (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Placed In Service office furniture (used) March 20 $1,171,000 Asset Bagi b. If Woolard elects the maximum amount of 5179 for the year, what is the amount of deductible 5179 expense for the year? What is the total depreciation that Woolard may deduct in 2020? What is Woolard's 5179 carryforward amount to next year, if any? Answer is complete but not entirely correct. Deductible 5179 exponse Total depreciation deduction $179 carryforward 214421 240.000 785,579