This year, QIO Company generated $192,400 income from its routine business operations. In addition, it sold the following assets, all of which were held for more than 12 months. Computer equipment Construction equipment Furniture Transportation equipment "Through date of sale. Required: Compute QIO's taxable income. Taxable income Initial Basis Accumulated Depreciation Sale Price $ 22,400 $ 18,600 $ 4,500 175,000 6,000 83,200 121,700 1,500 26,000 50,000 4,750 55,000