Everybody$$s Fitness Income Statement

$($in millions of dollars$)$

Net sales $($all credit$)$ $ $1,285$

Less: Cost of goods sold $520$

Gross profits $ $765$

Less: Other operating expenses $295$

EBITDA $ $470$

Less: Depreciation and amortization $132$

EBIT $ $338$

Less: Interest $155$

EBT $ $183$

Less: Taxes

Net income $

Determine the firm$$s tax liability.

Determine the firm$$s net income.