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Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2021 , she sells the following long-term assets used in her

image text in transcribedimage text in transcribed Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2021 , she sells the following long-term assets used in her business: Lily's taxable income before these transactions is $192,500. 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.) 2021 Tax Rate Schedules Individuals

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