Flip's Pizzeria Inc. has the following financial items for the current year. Advertising Expenses $90,000 Cost of Goods Sold $745,000 Other Operating Expenses $315,000 Sales $2,130,000 Wages and Salaries $475,000 Capital Gain $20,000 Calculate Flip's taxable income for the current year. A B D E 1 2 Taxable income (Net Operating Loss) 3 4 5 6 7 8 9 10