Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $30,000 Cost of Goods Sold $360,000 Other Operating Expenses $375,000 Sales $1,565,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $315,000 Calculate Flip's taxable liability for the current year. A B C D E 1 2 Taxable Liability = 3 4 5 6 7 0 00 9 10