Flip's Pizzeria Inc. has the following financial items for the current year Advertising Expenses $40,000 Cost of Goods Sold $410,000 Other Operating Expenses $355,000 Sales $1,910,000 Cost of Equipment purchased during the year (10 year estimate useful life, 0 salvage value) $510,000 125 points Calculate Flip's taxable liability for the current year Answer is complete but not entirely correct. D E A B 1 Taxable Liabilty 51,000 31 4 6 7 9 10