Required information [The following information applies to the questions displayed below.) During the current year, Ron and Anne sold the following assets: (Use the dividends and capital gains tax rates and tax rate schedules.) Capital Asset Istock M stock Nstock Ostock Antiques Rental home Market Value $ 54,000 32,000 34,000 30,000 11,000 304,000- Tax Basis $43,000 41.000 24,000 35,000 6,000 92,000 Holding Period > 1 year > 1 year 1 year > 1 year *$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. b. Given that Ron and Anne have taxable income of $404,000 (all ordinary) before considering the tax effect of their asset sales, what Is their gross tax liability for 2020 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.)