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Everybodys Fitness's 2021 income statement is reported below (in millions of dollars) (Use corporate tax rate of 21 percent for your calculations.) Everybodys Fitness Income

Everybodys Fitness's 2021 income statement is reported below (in millions of dollars) (Use corporate tax rate of 21 percent for your calculations.)

Everybodys Fitness Income Statement for 2021 (in millions of dollars)
Net sales (all credit) $ 2,385
Less: Cost of goods sold 740
Gross profits $ 1,645
Less: Other operating expenses 515
EBITDA $ 1,130
Less: Depreciation and amortization 352
EBIT $ 778
Less: Interest 375
EBT $ 403
Less: Taxes
Net income $

Determine the firms 2021 tax liability.

$__________

Determine the firms 2021 net income.

$__________

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