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Income Statement Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $504,000, Interest expense = $56,000, and Net income = $321,000.

Income StatementBarnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $504,000, Interest expense = $56,000, and Net income = $321,000. What is the 2008 Taxes reported on the income statement?

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