Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2019, she sells the following long-term assets used in her business:

Asset Sales Price Cost Accumulated Depreciation

Building $232,200 $202,200 $54,200

Equipment $82,200 $150,200 $25,200

Lily's taxable income before these transactions is $192,700.

What are Lily's taxable income and tax liability for the year? UseTax Rate Schedulefor reference.(Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)