a. What is Mary's federal tax liability? b. What is her marginal tax rate? c. What is her average tax rate? Comprehensive/Spreadsheet Problem 3-19 FINANCIAL STATEMENTS, CASH FLOW, AND TAXES Laiho Industries's 2020 and 2021 bal- ance sheets (in thousands of dollars) are shown. Laiho Industries: Balance Sheets as of December 31 (thousands of dollars) Cash Accounts receivable Inventories Total current assets 2021 2020 $102,850 $ 89,725 103,365 85,527 38,444 34,982 $244,659 $210,234 67,165 Net foxed assets Total assets Accounts payable Accruals Notes payable Total current liabilities $311,824 $ 30,761 I 30,477 16,717 $ 77,955 42,436 $252,670 $ 23,110 22,656 14,217 $ 59,983 (Continued)