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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

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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 Less: Depreciation and amortization EBIT Less: Interest EBT Less: Taxes Net income $620,000 237,000 $ 383,000 112,000 $ 271,000 17,200 $253,800 85,500 $ 168,300 $ Determine the firm's 2021 tax liability. Tax liability Determine the firm's 2021 net income. Net income Determine the firm's 2021 average tax rate. (Round your answer to 2 decimal places.) Average tax rate % Determine the firm's 2021 marginal tax rate. Marginal tax rate %

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