General's Inc. has the following financial items for the current year. Advertising Expenses $100,000 Cost of Goods Sold $740,000 Other Operating Expenses $590,000 Sales $2,405,000 Wages and Salaries $540,000 Capital Loss $30,000 Calculate General's taxable income for the current year. A B D E 1 2 Taxable Income (Net Operating Loss) 3 4 in 6 7 8 9 10