During 2020, Maria and James, who are married and have two dependent children (ages 12 and 13), have the following income and losses: Total salaries $125,000 Bank account interest 35,000 Dividend income 7,000 Short-term capital gains 4,000 Short-term capital losses (2,500) They also incurred the following expenses: Qualified medical expenses State income taxes paid Property taxes on home Qualified residence interest Investment interest expense Cash charitable contributions $ 9,000 14,000 3,300 9,000 12,500 16,000 Compute Maria and James' taxable income for the year