Ily Tucker $($single$)$ owns and operates a bike shop as a sole proprletorship. In $2022,$ she sells the following long$-$term assets used in

ner business:

Ily's taxable income before these transactions is $$195,500.$ What are Lily's taxable Income and tax Ilability for the year? Use Tax Rate

Schedule for reference.

Note: Do not round Intermedlate calculatlons. Round your flnal answers to the nearest whole dollar amount.