Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $80,000 Cost of Goods Sold $760,000 Other Operating Expenses $330,000 Sales $1,605,000 Wages and Salaries $345,000 Capital Gain $20,000 Calculate Flip's taxable income for the current year. A B C D E 1 2 Taxable income (Net Operating Loss)= 3 4 5 6 7 8 9 10