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8 Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $50,000 Cost of Goods Sold $440,000 Other Operating Expenses $350,000 Sales $2,460,000 Cost of Equipment purchased during the year (10 year estimate useful life, O salvage value) $495,000 1.25 points Calculate Flip's taxable liability for the current year. Answer is complete but not entirely correct. B D E 1 2 Taxable Liability = $ 329,805 X 3 4 5 6 7 8 9 10