Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $35,000 Cost of Goods Sold $440,000 Other Operating Expenses $375,000 Sales $2,305,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $530,000 Calculate Flip's taxable liability for the current year. B 1 2 Taxable Liability = D E 3 4 5 6 8 co 9 10