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 L stock Market Value $ 53,200 Tax Basis Holding Period $ 42,600 > 1 year M stock 31,200 40,600 > 1 year 33,200 23,600 < 1 year 29,200 34,600 < 1 year 5,600 91,600 > 1 year > 1 year N stock 0 stock Antiques Rental home 10,200 303,200* *$30,000 of the gain is 25 percent gain (from accumulated depreciation on the property). Ignore the Net Investment Income Tax. a. Given that Ron and Anne have taxable income of only $23,200 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2022 assuming they file a joint return? Answer is complete but not entirely correct. Gross tax liability $ 31,217