Lily Tucker (single) owns and operates a bike shop as a sole proprletorshlp. In 2022 , she sells the following long term assets used in her business: Lily's taxable income before these transactions is $193,700. What are Lily's taxable income and tax liability for the year? Use lax Rate Schedule for reference. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Individuals Schedule X-Single \begin{tabular}{|c|l|l|} The tax is: \\ \hline If taxable income is over: & But not over: & \\ \hline$ & $10,275 & 10% of taxable income \\ \hline$10,275 & $41,775 & $1,027.50 plus 12% of the excess over $10,275 \\ \hline$41,775 & $89,075 & $4,807.50 plus 22% of the excess over $41,775 \\ \hline$89,075 & $170,050 & $15,213.50 plus 24% of the excess over $89,075 \\ \hline$170,050 & $215,950 & $34,647.50 plus 32% of the excess over $170,050 \\ \hline$215,950 & $539,900 & $49,335.50 plus 35% of the excess over $215,950 \\ \hline$539,900 & & $162,718 plus 37% of the excess over $539,900 \\ \hline \end{tabular}