Oakdale Fashions, Incorporateds, income statement is reported below. (Use corporate tax rate of 21 percent for your calculations.)

Oakdale Fashions, Incorporated, Income Statement
Net sales (all credit)	$ 600,000
Less: Cost of goods sold	229,000
Gross profits	$ 371,000
Less: Other operating expenses	104,000
EBITDA	$ 267,000
Less: Depreciation and amortization	16,400
EBIT	$ 250,600
Less: Interest	83,500
EBT	$ 167,100
Less: Taxes
Net income	$

Determine the firm's tax liability.

Determine the firm's net income.