Western Corporation reports the following results for the current year. The current year is 2021:

Gross profits on sales : $150,000

Long term capital gain: $8,000

Long term capital loss: $15,000

Short term capital gain: $10,000

Short term capital loss: 2,000

Operating expenses: 61,000

a. What are Western's taxable income and income tax liability for the current year (Use 2021 for current year)?

b. How would your answer change if Western's short term capital loss is $5000 instead of $2000?