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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

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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 million of dollars) Net sales (all credit) Less Cost of goods sold Gross profits Less Other operating expenses EBITDA Lensi Depreciation and amortization EBIT Lost Interest EB Les Taxe Net Income $1,785 620 $1,165 395 S 770 232 5 538 255 $ 203 Determine the firm's 2021 tax liability. Tax liability $ 79,086,000 Determine the firm's 2021 net income. Net income 176,170,000

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