Determine the firm's:

a) 2021 tax liability

b) 2021 net income

Everybody's Fitness's 2021 income statement is reported below (in millions of dollars) (Use corporate tax rate of 21 percent for your calculations.) Everybody's Fitness Income Statement for 2021 (in millions of dollars) 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 $ 2,385 740 $1,645 515 $ 1,130 352 $ 778 375 $ 403 Net income $