Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $50,000 Cost of Goods Sold $420,000 Other Operating Expenses $380,000 Sales $2,640,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $435,000 Calculate Flip's taxable liability for the current year. 2 Taxable Liability =