Check my work mode: This shows what is correct or incorrect for the work you have comple 7 7. art 2 of 2 Required information [The following information applies to the questions displayed below) Aruna, a sole proprietor, wants to sell two assets that she no longer needs for her business Both assets qualify as 51231 assets. The first is machinery and will generate a $19,750 51231 loss on the sale. The second is land that will generate a $12.700 $1231 gain on the sale Aruna's ordinary marginal tax rate is 32 percent. (Input all amounts as positive values.) 0 Joints b. Assuming that Aruna sells the land in December of year and the machinery in January of year 2, what effect will the sales have on Aruna's tax liability for each year? Answer is complete but not entirely correct increase Arunas will Arunas will In year 1 by 1 1905 decrease In year 2 by 5.925 signment #3 Saved Required information The following information applies to the questions displayed below Aruna, a sole proprietor, wants to sell two assets that she no longer needs for her business. Both assets qualify as $1231 assets. The first is machinery and will generate a $19,750 51231 loss on the sale. The second is land that will generate a $12,700 91231 gain on the sale Aruna's ordinary marginal tax rate is 32 percent. (Input all amounts as positive values.) . Assuming she sells both assets in December of year 1(the current year), what effect will the sales have on Aruna's tax liability Rhinatawi decrease