Shimmer Inc. is a calendar-year-end, accrual-method corporation. This year, it sells the following long-term assets:

Asset	Sales Price	Cost	Accumulated Depreciation
Building	$737,000	$718,000	$44,000
Sparkle Corporation stock	168,000	236,000	n/a

Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $879,000.

What are Shimmer's taxable income and tax liability for the year? (Assume a Corporate income tax rate as 21%.)