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 $ 231,000 $ 201,000 $ 53,000 Equipment 81,000 149,000 24,000 Lily's taxable income before these transactions is $191,500. What are Lily's taxable income and tax liability for the year? Use Tax Rate Schedule for reference. Note: Do not round intermediate calculations. Round your final answers to the nearest w