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8. The Sterling Tire Company's income statement for 2015 is as follows: STERLING TIRE COMPANY Income Statement Year ended December 31, 2015 Sales (20,000 tires

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8. The Sterling Tire Company's income statement for 2015 is as follows: STERLING TIRE COMPANY Income Statement Year ended December 31, 2015 Sales (20,000 tires at $60 each) $1,200,000 Less: Variable costs (20,000 tires at $30) 600,000 600,000 Contribution margin 400.000 Less: Fixed costs Earnings before interest and taxes (EBIT. 200,000 Interest expense 50,000 Earnings before taxes (EBT) 150,000 Income tax expense (34%) 51,000 Earnings after taxes (EAT 99,000 Given this income statement, compute the following

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