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

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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) $ 580,000
Less: Cost of goods sold 221,000
Gross profits $ 359,000
Less: Other operating expenses 96,000
EBITDA $ 263,000
Less: Depreciation and amortization 15,600
EBIT $ 247,400
Less: Interest 81,500
EBT $ 165,900
Less: Taxes
Net income $
Determine the firm's 2021 tax liability.
Determine the firm's 2021 net income.
Determine the firm's 2021 average tax rate. (Round your answer to 2 decimal places.)
Determine the firm's 2021 marginal tax rate.

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