Shimmer Incorporated is a calendar-year-end, accrual-method corporation. This year, it sells the following long-term assets: Asset Building Sparkle Corporation stock Sales Price $ 738,000 170,000 Cost $ 723,000 226,500 Accumulated Depreciation $ 41,500 n/a Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $812,000. What are Shimmer's taxable income and tax liability for the year? Description Taxable income Tax liability Amount