Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $75,000 Cost of Goods Sold $660,000 Other Operating Expenses $350,000 Sales $2,030,000 Wages and Salaries $355,000 Capital Gain $20,000 Calculate Flip's taxable income for the current year. A B 1 2 Taxable income (Net Operating Loss)= D E 3 4 LO 6 7 00 a 9 10