Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $50,000 Cost of Goods Sold $390,000 Other Operating Expenses $330,000 Sales $2,950,000 Cost of Equipment purchased during the year (10 year estimate useful life, 0 salvage value) $445,000 Calculate Flip's taxable liability for the current year 2 Taxable Liability 4 8 10