Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $35,000 Cost of Goods Sold $440,000 Other Operating Expenses $360,000 Sales $2,170,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $500,000 Calculate Flip's taxable liability for the current year. A B D E 1 Taxable Liability 2 3 4 5 6