General's Inc. has the following financial items for the current year. Advertising Expenses $75,000 Cost of Goods Sold $735,000 Other Operating Expenses $335,000 Sales $1,895,000 Wages and Salaries $370,000 Capital Loss $40,000 Calculate General's taxable income for the current year. B D E 1 2 Taxable Income (Net Operating Loss)= 3 4 5 6 7 8 9 10