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Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $45,000 Cost of Goods Sold $370,000 Other Operating Expenses $390,000 Sales

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Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $45,000 Cost of Goods Sold $370,000 Other Operating Expenses $390,000 Sales $2,095,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $445,000 Calculate Flip's taxable liability for the current year. B D 1 2 Taxable Liability - 3 This is a numeric cell, so please 5 enter numbers only. 6 7 E w N X 4 5 6 8 9 10

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