Leroy and Amanda are married and have three dependent children. During 2020, they have the following income and expenses: Salaries $129,500 Interest income 44,000 Royalty income 27,900 Deductions for AGI 3,400 Deductions from AGI 9,200 (Hint: The 2020 standard deduction for married filing jointly is $24,800.) General instructions: (1) Do not round intermediate computations. Round tax liability to the nearest dollar. (2) Refer to Appendix D to calculate the following. a. What is Leroy and Amanda's AGI, taxable income and tax liability? Do not consider any tax credits. Leroy and Amanda's 2020 adjusted gross income (AGI) is $ taxable income is $ 2020 tax liability is $ and their b. Leroy and Amanda would like to lower their income tax. How much income tax will they save if they legally shift $5,600 of income to each of their children? Assume that the children have no other income and that their income tax rate is 10%. Round your answer to the nearest dollar. Leroy and Amanda will save $ if they legally transfer $5,600 of interest income to each child