Shimmer Inc. is a calendar-year-end, accrual-method corporation. This year, it sells the following long-term assets: Asset Building Sparkle Corporation stock Sales Price Cost $752,000 $749,000 219,000 256,000 Accumulated Depreciation $34,000 n/a Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $847,000. What are Shimmer's taxable income and tax liability for the year? Taxable income Tax liability