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 660,000 253, 000 407,000 128, 000 Gross profits $ Less: Other operating expenses EBITDA $ 279, 000 Less: Depreciation and amortization 18, 800 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 $ 260, 200 89, 500 $ 170, 700 $