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Oakdale Fashions, Incs. 2021 Income statement is reported below. (Use corporate tax rate of 21 percent for your calculations) Dakdale Fashions, Inc., Income Statement for

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Oakdale Fashions, Incs. 2021 Income statement is reported below. (Use corporate tax rate of 21 percent for your calculations) Dakdale Fashions, Inc., Income Statement for 2021 Net sales (all credit) $ 590,000 Less: Cost of goods sold 225,000 Gross profits $365,000 Less: Other operating expenses 100,000 EBITDA $ 265,000 Less: Depreciation and amortization 16,000 EBIT $ 249,000 Less: Interest 82,500 EBT $ 166,500 Less: Taxes Net income Determine the firm's 2021 tax liability Answer is complete but not entirely correct. Tox liability $ 34 965 Determine the firm's 2021 net income. Answer is complete but not entirely correct. Net income 131,535 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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