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

Asset Sales Price Cost Accumulated Depreciation

Building $ $698,000$ $ $667,000$ $ $24,500$

Sparkle Corporation stock $218,000273,500$ n$/$a

Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $$874,000.$

What are Shimmer's taxable income and tax liability for the year?