Required information [The following information applies to the questions displayed below] Buckley, an individual, began business two years ago and has never sold a $1231 asset. Buckley has owned each of the assets since he began the business. In the current year, Buckley sold the following business assets: Accunulated Original Cost Depreciation Asset Computers Machinery Furniture Building in/Loss (3,00) (2,800) 7,e00 (1,000) s 2,800 4,888 12,800 18,800 6,868 10,000 28,000 100,000 s Assuming Buckley's marginal ordinary income tax rate is 32 percent, answer the questions for the following alternative scenarios: (Loss amounts should be indicated by a minus sign. Input all other amounts as positive values. Required: a1. What is the amount and character of Buckley's gains or losses for the current year? a2. Calculate Buckley's tax liability or tax savings for the year Complete this question by entering your answers in the tabs below. Req a1 Req a2 What is the amount and character of Buckley's gains or losses for the current year Descriptiorn Amount 1 loss $1231 loss $1245 gain Ols (6,000) 350 Complete this question by entering your answers in the tabs below. Req a2 Req a1 Calculate Buckley's tax liability or tax savings for the year. Tax liability K Req a