You are finishing your 3rd year in business with $509,000 of gross income and $256,000 In deductions. Two years ago, you had a net loss of $99,000 and last year, you had a net loss of $64,000. Calculate your taxable income for this year. B D E OK A 1 2 Taxable Income 3 4 5 6 7 8 lun erences 9 10 Flip's Pizzeria Inc. has the following financial items for the current year. Advertising Expenses $70,000 Cost of Goods Sold $610,000 Other Operating Expenses $505,000 Sales $2,320,000 Wages and Salaries $455,000 Capital Gain $50,000 Calculate Flip's taxable income for the current year. B D E 1 Taxable Income (Net Operating Loss)- WN 4 5 LON00 10