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Oakdale Fashions, Inc.'s, 2021 income statement is reported below. (Use corporate tax rate of 21...

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Accounting

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) Less: Cost of goods sold Gross profits Less: Other operating expenses EBITDA Less: Depreciation and amortization EBIT Less: Interest EBT Less: Taxes Net income Determine the firm's 2021 tax liability. $570,000 217,000 $ 353,000 92,000 $ 261,000 15, 200 $ 245,800 80,500 $ 165,300 $
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Dakdale Fashions, Inc.'s, 2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.) Determine the firm's 2021 tax liability

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