Lily Tucker (single) owns and operates a bike shop as a sole proprietorship. In 2018, she sells the following long-term assets used in her business: Accumulated Sales Price $230,400 80,400 Cost Depreciation Asset Building Equipment $200,400$52,400 23,400 148,400 Lily's taxable income before these transactions is $160,900. 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.) DescriptionAmount Taxable income Tax liability