following ormation applies to questions displayed below. Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at a local university and earns a salary of $70,000. Meg works part- time at the same university. She earns $32,500 a year. The couple does not itemize deductions. Other than salary, the Comers' only other source of income is from the disposition of various capital assets (mostly stocks). (Use the tax rate schedules,Dividends and Capital Gains Tax Rates.) (Round your final answers to the nearest whole dollar amount.) a. What is the Comers' tax liability for 2021 if they report the following capital gains and losses for the year? Short-term capital gains Short-term capital losses Long-term capital gains Long-term capital losses $ 14,500 (7,500) 20,500 (11,500) Total tax liability Franco converted a building from personal to business use in May 2018 when the fair market value was $37,500. He purchased the building in July 2015 for $60,000. On December 15 of this year, Franco sells the building for $30,000. On the date of sale, the accumulated depreciation on the building is $3,815. What is Franco's recognized gain or loss on the sale