In $2021$

In $2022,$ Medusa generated $$1,500,000$ in operating income from its regular business operations. Also in $2022,$ Medusa sold the following operating assets.

Medusa Industries Operating Assets Sold in $2022$

Assumption $(1)$: Medusa has no unrecaptured $$1231$ ordinary loss deductions in the previous $5$ years.

Assumption $(2)$: Medusa realized no other gains or losses in $2022.$

Compute Medusa's taxable income, showing your steps and explain how you arrived at your determination$*$

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