Exercise 12-14 (Algorithmic) (LO. 10) Matulis, Inc., a C corporation, owns a single asset with a basis of $363,200 and a fair market value of $871,680. Matulis elects S corporation status. Matulis holds a positive E & P balance. The entity elects 5 corporation status for 2021 and then sells the asset. Compute the corporate-level built-in gains tax that must be paid by Matulis. If required, round your answer to the nearest dollar