Solton Hotel is replacing its kitchen equipment whose book value is $20,000. If the management is able to sell that kitchen equipment for $24,000 in the market, what is the tax consequence of this sales activity based on 40.00% applied tax? a) $1,300 tax on gain, which will be subtracted from the net proceeds b) $1,600 tax on gain, which will be subtracted from the net proceeds c) $2,000 tax on gain, which will be subtracted from the net proceeds d) $1,600 tax on gain, which will be added to the net proceeds