The followinginformation relating to an investment in equipment has been extracted from the books of CB Ltd Ltd:

The total purchase price is $57,330; salvage value is $1,126 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 32%; and the required rate of return is 11%.

If the depreciation rate is 25% straight line,calculate the tax amount in the third year relating to the sale of the equipment only.

Please show the excel workings for the answer including the formula, thank you.