Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $55,000 Cost of Goods Sold $645,000 Other Operating Expenses $420,000 Sales $1,805,000 Wages and Salaries $595,000 Capital Gain $25,000 Calculate Flip's taxable income for the current year. A B D E 1 N Taxable income (Net Operating Loss)= 3 4 5 6 7 8 9 10