Shimmer Incorporated is a calendar-year-end, accrual-method corporation. This year, it sells the following long-term a Accumulated Depreciation $ 43,000 n/a Asset Description Taxable income Tax liability Building Sparkle Corporation stock Shimmer does not sell any other assets during the year, and its taxable income before these transactions is $813,000. What are Shimmer's taxable income and tax liability for the year? L Sales Price $ 713,000 200,000 Amount Cost $ 697,000 259,000

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