Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $95,000 Cost of Goods Sold $620,000 Other Operating Expenses $390,000 Sales $2,030,000 Wages and Salaries $420,000 Capital Gain $45,000 Calculate Flip's taxable income for the current year. B D E 1 2 Taxable income (Net Operating Loss)= 3 4 5 6 7 8 9 10