During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) Capital Asset L stock M stock N stock 0 stock Antiques Rental home Holding Period Market Value $ 50,000 Tax Basis $ 41,000 > 1 year 28,000 39,000 > 1 year 30,000 22,000 < 1 year 26,000 33,000 < 1 year 7,000 4,000 > 1 year 300,000* 90,000 > 1 year *$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. Problem 7-48 Part-b (Static) b. Given that Ron and Anne have taxable income of $400,000 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2023 assuming they file a joint return? Answer is complete but not entirely correct. Gross tax liability $ 20,000 x