General's Inc. has the following financial items for the current year: Advertising Expenses $70,000 Cost of Goods Sold $750,000 Other Operating Expenses $430,000 Sales $2,035,000 Wages and Salaries $330,000 Capital Loss $25,000 Calculate General's taxable income for the current year. A B D E 1 Taxable income (Net Operating Loss)= 2 3 4 5 6 7 00 9 10