General's Inc. has the following financial items for the current year: Advertising Expenses $75,000 Cost of Goods Sold $775,000 Other Operating Expenses $335,000 Sales $2,240,000 Wages and Salaries $570,000 Capital Loss $30,000 Calculate General's taxable income for the current year. 2 Taxable Income (Net Operating Loss)- 4 5 6 8 10