Lily Tucker (single) owns and operates a bike shop as a sole proprietorship in 2020, she sells the following long-term assets used in her business Asset Building Equipment Sales Price $232,600 82,600 Cost $282,60 150,600 Accumulated Depreciation $54,600 25,600 Lily's taxable income before these transactions is 193.100 What are Lily's taxable income and tax liability for the year? Use Tax Rate Schedule for reference (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.) Amount Duscription Taxable income Tax liability