General's Inc. has the following financial items for the current year: Advertising Expenses $60,000 Cost of Goods Sold $695,000 Other Operating Expenses $495,000 Sales $2,350,000 Wages and Salaries $510,000 Capital Loss $35,000 Calculate General's taxable income for the current year. 1 B D E Taxable income (Net Operating Loss) 4 5 6 7 8 9 10