Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $40,000 Cost of Goods Sold $380,000 Other Operating Expenses $340,000 Sales $2,675,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $310,000 Calculate Flip's taxable liability for the current year. Answer is complete but not entirely correct. B C A D 2 Taxable Liability = $ 1,884,000 X