Save & Exit Subnit 5. You did not receive ful credtfor this question in a previous Brandon, an individual, began business four years ago and has sold 51231 assets with $5750 of losses wthin the last 5 yearsBrandon the current year, Brandon sold the following business assets $ 31500 55.000 120,000 $8,500 $ 0750 27,500 20000) 35.000 Assuming Brandon's marginal ordinary income tax rate is 35 percent, what effect do the gains and losses have on Brandon's tax lability? O $18.250 ordinary income, $6,388 tax lability $18,250 S1231 gain and S2738 tax lability. O $4.000 91231 gain, $14.250 ordinary income, and $5,588 tax lobilty $14,250 S1231 gain, $4,000 ordinary income, and $3.538 tax Nabity O None of the choices are correct MacBook Air 0