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#2*IncomeStatement*:Barnyard,Inc.'s2008incomestatementliststhefollowingincomeandexpenses:EBIT=$504,500,Interestexpense=$52,000,andNetincome=$321,000.Whatisthe2008Taxesreportedontheincomestatement? $131,500 $183,500 $452,500 There is not enough information to calculate 2008 Taxes.

  • #2*IncomeStatement*:Barnyard,Inc.'s2008incomestatementliststhefollowingincomeandexpenses:EBIT=$504,500,Interestexpense=$52,000,andNetincome=$321,000.Whatisthe2008Taxesreportedontheincomestatement?

$131,500$183,500$452,500There is not enough information to calculate 2008 Taxes.

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