Flip's Pizzeria Inc. has the following financial items for the current year. Advertising Expenses $35,000 Cost of Goods Sold $400,000 Other Operating Expenses $315,000 Sales $2,160,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $425,000 Calculate Flip's taxable liability for the current year. B D E 1 2 Taxable Liability = 3 4 5 6 7 8 9 10