Return to Required information [The following information applies to the questions displayed below.) Assume that Timberline Corporation has 2020 taxable income of $266,000 for purposes of computing the 5179 expense. It acquired the following assets in 2020: (Use MACRS Table 1. Table 2. Table 3. Table 4 and Table 5.) Asset Furniture (7-year) Computer equipment (5-year) Copier (5-year) Machinery (7-year) Total Purchase Date December 1 February 28 July 15 May 22 Basis $ 476,000 116,000 56,000 506,008 $2 54,000 Required: a-1. What is the maximum amount of 5179 expense Timberline may deduct for 2020? a-2. What is Timberline's $179 carryforward to 2021, if any? Answer is complete but not entirely correct. $ Maximum 5179 expense Maximum 5179 carryforward 1-2 266,000 754.000 $