James $($age $71)$ and his wife Lily $($age $70)$ file a joint return. They furnish all of the support of Charles $($their fully disabled son, age $49)$ who lives with them. In $2023,$ the couple received $$14,000$ of interest income on City of Detroit bonds and interest and dividend income on corporate stocks and bonds of $$102,000.$ They have itemized deductions of $$24,700.$ Compute James and Lily's taxable income for $2023.$

$85,300$

$72,300$

None of the answers are correct

$71,300$