Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $40,000 Cost of Goods Sold $370,000 Other Operating Expenses $310,000 Sales $2,675,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $505,000 Calculate Flip's taxable liability for the current year. A B D E 1 2 Taxable Liability 3 4 un 6 7 B 9 10