Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $80,000 Cost of Goods Sold $740,000 Other Operating Expenses $325,000 Sales $1,705,000 Wages and Salaries $525.000 Capital Gain $25,000 Calculate Flip's taxable income for the current year. A B C D E 1 Taxable income (Net Operating Loss) WN 4 5 6 7 8 9 10