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Income Statement Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $506,500, Interest expense = $50,000, and Net income = $324,000.

Income StatementBarnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $506,500, Interest expense = $50,000, and Net income = $324,000. What is the 2008 Taxes reported on the income statement?

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