Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $45,000 Cost of Goods Sold $380,000 Other Operating Expenses $330,000 Sales $2,735,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $495,000 Calculate Flip's taxable liability for the current year. E B D 1 2 Taxable Liability - 3 4 5 6 N 8 9 10