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The Fitness Studio, Inc.s, 2012 income statement lists the following income and expenses: EBIT = $531,000, interest expense = $62,000, and net income = $437,000.

The Fitness Studio, Inc.s, 2012 income statement lists the following income and expenses: EBIT = $531,000, interest expense = $62,000, and net income = $437,000.

Calculate the 2012 taxes reported on the income statement.

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