Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $40,000 Cost of Goods Sold $450,000 Other Operating Expenses $335,000 Sales $1,965,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $370,000 Calculate Flip's taxable liability for the current year. A B C D E 1 2 Taxable Liability = 3 4 5 6 7 8 9 10