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I CANNOT FIGURE THIS OUT Determine the firm's tax liability. Determine the firm's net income Oakdale Fashions, Incorporated's, income statement is reported below. (Use corporate

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I CANNOT FIGURE THIS OUT

Determine the firm's tax liability. Determine the firm's net income

Oakdale Fashions, Incorporated's, income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.) Oakdale Fashions, Incorporated, Income Statement Net sales (all credit) 650,000 249,000 Less: Cost OE goods sold Gross profits 401,000 124,000 Less: Other operating expenses 277,000 EBITDA 25B, 600 6B, 500 170,100 Less : EBIT Less : EBT Less : Depreciation and amortization Interest Taxes 1B, 400 Net income Determine the firm's tax liability. Tax liability Determine the firm's net income. Net income

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