Problem: Courtney owns and operates her business as a sole-proprietorship. In 2023, Courtney sold a piece of land that generated a $30,000 Section 1231 gain. Courtney did not sell any other assets in 2023. However, Courtney notes that she recognized a $18,000 net Section 1231 loss in 2022. Assume that Courtney pays tax on her ordinary income at a flat rate of 30% and tax on long-term capital gains at a rate of 15%. Based on the information in the preceding paragraph, what is Courtney's tax liability related to the sale in 2023? Daphne sells the following business-related assets during the year (all held for more than one year): Machine Original Basis Accumulated Depreciation Adjusted Basis Sales Price Gain (Loss) A $110,000 $60,000 $50,000 $100,000 $50,000 B 58,000 20,000 38,000 75,000 37,000 C 100,000 32,000 68,000 56,000 (12,000) Assume that Daphne pays tax on ordinary income at a flat rate of 30% and on long-term capital gains at a rate of 15%. What is Daphne's tax liability associated with these transactions?