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Income Statement Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT =...

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Finance

Income Statement Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $504,500, Interest expense = $46,000, and Net income = $330,000. What is the 2008 Taxes reported on the income statement?

A). There is not enough information to calculate 2008 Taxes.

B). $174,500

C). $128,500

D). $458,500

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