Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $30,000 Cost of Goods Sold $430,000 Other Operating Expenses $365,000 Sales $2,695,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $560,000 Calculate Flip's taxable liability for the current year. A B D E 1 2 Taxable Liability = 3 3 4 5 6 7 8 9 10 Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $30,000 Cost of Goods Sold $430,000 Other Operating Expenses $365,000 Sales $2,695,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $560,000 Calculate Flip's taxable liability for the current year. A B D E 1 2 Taxable Liability = 3 3 4 5 6 7 8 9 10