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Oakdale Fashions, Incorporateds, income statement is reported below. (Use corporate tax rate of 21 percent...

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Accounting

Oakdale Fashions, Incorporateds, income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)

Oakdale Fashions, Incorporated, Income Statement
Net sales (all credit) $ 600,000
Less: Cost of goods sold 229,000
Gross profits $ 371,000
Less: Other operating expenses 104,000
EBITDA $ 267,000
Less: Depreciation and amortization 16,400
EBIT $ 250,600
Less: Interest 83,500
EBT $ 167,100
Less: Taxes
Net income $

Determine the firm's tax liability.

Determine the firm's net income.

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