The following information relating to an investment in equipment has been extracted from the books of Cap-B Ltd:

Total purchase price $61,625; salvage value $1,074 at the end of year-3. net sales revenue (relating to the equipment): Year-1 $34,000; Year-2 $28,000 and Year-3 $23,000; applicable tax rate is 30%; and the required rate of return is 12%.

If the depreciation rate is 23% under the straight-line method, calculate the tax amount in the third year relating to the sale of the equipment only.