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) Less: Cost of goods sold Gross profits Less: Other operating expenses EBITDA CO Less: Depreciation and amortization wwww EBIT Less: Interest EBT Less: Taxes Net income Determine the firm's 2021 tax liability. Tax liability Determine the firm's 2021 net income. Net income $ 630,000 241,000 $ 389,000 116,000 $ 273,000 17,600 $ 255,400 86,500 $ 168,900 $ Determine the firm's 2021 average tax rate. (Round your answer to 2 decimal places.)