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Oakdale Fashions, Inc. s , 2 0 2 1 income statement is reported below. ( Use corporate tax rate of 2 1 percent for your

Oakdale Fashions, Inc.s,2021 income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)
Oakdale Fashions, Inc., Income Statement for 2021
Net sales (all credit) $ 645,000
Less: Cost of goods sold 247,000
Gross profits $ 398,000
Less: Other operating expenses 122,000
EBITDA $ 276,000
Less: Depreciation and amortization 18,200
EBIT $ 257,800
Less: Interest 88,000
EBT $ 169,800
Less: Taxes
Net income $

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