Flip's Pizzeria Inc. has the following financial items for the current year:

Advertising Expenses $80,000

Cost of Goods Sold $750,000

Dividend Income (Flip owns less than 20% of the other corporation) $8,000

Interest Expense $20,000

Municipal Bond Interest Income $8,000

Other Operating Expenses $570,000

Sales $2,150,000

Wages and Salaries $400,000

Calculate Flip's taxable income for the current year.

Taxable Income(Net Operating Loss)?