Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $30,000 Cost of Goods Sold $440,000 Other Operating Expenses $375,000 Sales $2,175,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $350,000 Calculate Flip's taxable liability for the current year. A B D E 1 Taxable Liability = N 4 5 6 7 8 9 10