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4. Our favorite pizza shop, J ne's Pizza needs to calculate their tax liability. The sales fer the year were 4,750,000, COGS were $1,223,450, cash

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4. Our favorite pizza shop, J ne's Pizza needs to calculate their tax liability. The sales fer the year were 4,750,000, COGS were $1,223,450, cash operating expenses were 304,892, depreciatinn cf his evens {not included in operating expense} was 104,000, he has 112,000 in yearly loan interest he has been paying, and he paid 20,000 in dividends [use the table on the next page)

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