Ollie is single, 37 years old with a qualifying child (age 15). Ollie has wages of $68,650 and sold the following assets during the year: Investment land for $10,000 proceeds - was purchased by Ollie in 2010 for $5,000 GE stock for $5,000 proceeds - stock was purchased by Ollie in 2013 for $7,000 Walmart stock for $3,000-stock was inherited from Ollie's father in 2020 when the FMV was $5,000. Ollie's father had paid $1,000 for the stock in 1998. Calculate Ollie's 2020 tax liability assuming that he has $13,000 in itemized deductions. 7 points All calculations must be shown.