Oakdale Fashions, Inc.'s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)
Oakdale Fashions, Inc., Income Statement for 2021
Net sales (all credit) $ 660,000  
Less: Cost of goods sold   253,000  
   Gross profits $               407,000  
Less: Other operating expenses 128,000  
EBITDA $ 279,000  
Less: Depreciation and amortization   18,800  
EBIT $ 260,200  
Less: Interest   89,500  
EBT $ 170,700  
Less: Taxes      
Net income $  
 

tax liability?

net income?

average tax rate?

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