The chart below details Michelle Andrew's 2014, 2015 and 2016 stock transactions. Tax Year 2014 2015 2016 Short-term Capital Gains $ 25,000 $16,000 $65,000 Short-term Capital Losses $ 29,000 $14,000 $62,000 Long-term Capital Gains $ 2,000 $35,000 $28,000 Long-term Capital Losses $18,000 $24,000 $15,000 Calculate the following: PLACE (LOSSES) IN BRACKETS Year Current year Current year End of year End of year ST Loss LT Loss ST (Loss) LT Loss Net ST Net LT Net ST Net LT Deduction, Deduction, carry forward. carryforward, Gain/(Loss). Gain/(Loss), Gain/(Loss), Gain/(Loss), if any. if any. if any if any. if any. if any if any if any. 2014 2015 2016 Ms. Andrew's taxable income for 2016 BEFORE taking into account the above capital gains and losses is $80,000. Calculate Ms. Andrew's tax liability for 2016