Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2022, she sells the following long-term assets used in her business:

Asset	Sales Price	Cost	Accumulated Depreciation
Building	$ 232,400	$ 202,400	$ 54,400
Equipment	82,400	150,400	25,400

Lily's taxable income before these transactions is $192,900. What are Lily's taxable income and tax liability for the year? Use Tax Rate Schedule for reference.

her business: Lily's taxable income before these transactions is $192,900. What are Lily's taxable income and tax liabdity for the year? Use Tiv Rute Schedule for reference. Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollar amount. Answer is complete but not entirely correct