The folowing information applies to the questions displayed below. In December of 20x4, Memphis Plastics sold a forklift for $18,300. The machine was purchased in 20x1 for $80,000. Since then $59,200 In depreclation has been recorded on the fork ft. value: 3.34 points 1. What was the forklift's book value at the time of sale? References eBook & Resources Exercise Difficulty: Easy Check my work value: 3.33 points 2. Compute the gain or loss on the sale. References eBook & Resources Exercise Difficulty. Easy Check my work value 3.33 points 3. Determine the after-tax cash flow at the time the forklift was sold. The firm's tax rate is 45 percent. h flow