[The following information applies to the questions displayed below.] In December of 20x4, Atlas Chemical Corporation sold a forklift for $17,300. The machine was purchased in 20x1 for $70,000. Since then $50,400 in depreciation has been recorded on the forklift.

3. Determine the after-tax cash flow at the time the forklift was sold. The firms tax rate is 31 percent.