Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $35,000 Cost of Goods Sold $390,000 Other Operating Expenses $315,000 Sales $1,545,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $485,000 Calculate Flip's taxable liability for the current year. Answer is complete but not entirely correct. A B D E 1 2 Taxable Liability = Is 756,500 3 4 5 6 7 8 9 10