[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 Market Value Tax Basis Holding Period L stock $ 50,200 $41,100 > 1 year M stock 28,200 39,100 > 1 year N stock 30,200 22,100 1 year Rental home 300,200 90, 100 > 1 year $30,000 of the gain is 25 percent gain (from accumulated depreciation onkhe property). Ignore the Net Investment Income Tax. a. Given that Ron and Anne have taxable income of only $20,200 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2019 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross tax liability 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 M stock N stock O stock Antiques Rental home Market Value $ 50,200 28,200 30,200 26,200 7,200 300,200* Tax Basis $41, 100 39,100 22,100 33, 100 4,100 90, 100 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 $400,200 (all ordinary) before considering the tax effect of their asset sales, what is their gross tax liability for 2019 assuming they file a joint return? (Round all your intermediate computations to the nearest whole dollar amount.) Gross tax liability