Required Information Problem 3-47 (LO 3-5) (Static) [The following information applies to the questions displayed below.] Buckley, an Individual, began business two years ago and has never sold a 1231 asset. Buckley has owned each of the assets since he began the business. In the current year, Buckley sold the following business assets: Asset Computers Machinery Furniture Building Original Cost $ 6,000 10,000 20,000 100,000 Accumulated Depreciation $ 2,000 4,000 12,000 10,000 Gain/Loss $ (3,000) (2,000) 7,000 (1,000) Assuming Buckley's marginal ordinary Income tax rate is 32 percent, answer the questions for the following alternative scenarios: Problem 3-47 Part-a (Static) a1. What is the amount and character of Buckley's gains or losses for the current year? 82. Calculate Buckley's tax liability or tax savings for the year. Complete this question by entering your answers in the tabs below. Req alt Req a2 Calculate Buckley's tax liability or tax savings for the year. Tax liability < Req a1 Regaz