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 $ 781,000 205,000 Cost $ 773,000 256,500 Accumulated Depreciation $ 43,500 n/a Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $825,000. What are Shimmer's taxable income and tax liability for the year? Description Amount Taxable income Tax liability