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Flip's Pizzeria Inc. has the following financial items for the current year: Advertising Expenses $95,000 Cost...

Flip's Pizzeria Inc. has the following financial items for the current year:

Advertising Expenses $95,000

Cost of Goods Sold $765,000

Other Operating Expenses $355,000

Sales $2,630,000

Wages and Salaries $495,000

Capital Gain $20,000

Calculate Flip's taxable income for the current year.

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