2. Income Statement and Taxes (6 points) a) Find the missing values for the income statement below: Fresno's Cleaners 2021 Income Statement Net sales $68,700 51,300 4,600 $ ? 1,225 Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Earnings before taxes Taxes (21%) Net income Dividends Addition to retained earnings $ ? $ $3,400 ? b) If a firm has $300,000 in taxable income in both 2017 and 2020: What is the firm's tax liability for each year? What is the average tax rate for each year? What is the marginal tax rate for each year? For 2017 corporate tax rates, use the following tax brackets table: Taxable Income Tax Rate 0- 50.000 15% 50.001 - 75.000 25 34 39 75.001- 100.000 100,001- 335,000 335.00110,000,000 10,000,001-15,000,000 15,000,00118,333,333 34 35 38 18,333,334+ 35