Q7. C. Beauvais and L Frisard Enterprises, LLC. had taxable income in 2021 of $318,000. Determine this firms tax liability. A. $ 90,500 B. $ 93,500 C. $ 96,250 D. $107,270 E. $130,650 Q8. Which of the following corporate transactions would be a source of cash? A. Repayment of an outstanding debt issue B. Purchases of raw materials C. Paying accounts payable D. Investment in a new production plant E. Collection of credit sales