During 2023, Rick and his wife, Sara, had the following items of income and expense to report:

Gross receipts from business$400,000Business expenses525,000Interest income from bank savings accounts8,000Sara's salary50,000Long-term capital gain on stock held as an investment4,000Itemized deductions$15,000

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a. Assuming that Rick and Sara file a joint return, what is their taxable income (or loss) for 2023?

If required, use the minus sign to indicate a loss.

Adjusted gross income/loss$fill in the blank df6ddf093f9306a_1Taxable income/loss$fill in the blank df6ddf093f9306a_2