John and Amy Turner, married filing jointly, are both 36 years of age. They have two sons and a daughter. John and Amy have earned income of \(\$ 93,500\) and \(\$ 58,300\) respectively, and their allowable itemized deductions are \(\$ 26,400\). They had the following transactions during 2018:

a. On March 31, 2018, they sold their personal residence for \(\$ 160,000\). Their basis in the residence was \(\$ 108,000\). Six months later, they purchased a new residence for \(\$ 130,000\). They had incurred \(\$ 6,000\) of selling expenses.

b. Amy exchanged land obtained before the marriage for an office building. She had a basis in the land, which was worth \(\$ 100,000\), of \(\$ 50,000\). The office building was worth \(\$ 105,000\).

c. John sold property for \(\$ 45,000\). He had inherited the property from an aunt who had an adjusted basis of \(\$ 10,000\) in the property. The property was worth \(\$ 30,000\) at the time of the aunt's death.

d. John and Amy sold stock which they had received as a wedding present. The donor had an adjusted basis of \(\$ 8,000\) in the stock. The stock was worth \(\$ 12,000\) at the time of the gift. John and Amy received \(\$ 10,000\) for the stock.

Compute John and Amy's lowest taxable income. Treat all income as ordinary income.