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 Sales Price Cost Accumulated Depreciation Building $231,400 $201,400 $53,400 Equipment 81,400 149,400 24,400 Lily's taxable income before these transactions is $191,900. 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.) Use 2022 Tax Rate Schedules 1. What is Taxable Income amount 2. What is Tax liability amount