General's Inc. has the following financial items for the current year: Advertising Expenses $70,000 Cost of Goods Sold $710,000 Other Operating Expenses $535,000 Sales $1,665,000 Wages and Salaries $570,000 Capital Loss $45,000 Calculate General's taxable income for the current year. A B D E 1 2 Taxable income (Net Operating Loss)= 3 4 5 6 7 8 9 10