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 $ 747,000 $691,000 139,000 237,000 Accumulated Depreciation $42,000 n/a Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $897,000. What are Shimmer's taxable income and tax liability for the year? $ 897,000 Taxable income Tax liability