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The Fitness Studio, Inc.s 2018 income statement lists the following income and expenses: EBIT = $532,000, interest expense = $64,000, and net income = $438,000.
The Fitness Studio, Inc.s 2018 income statement lists the following income and expenses: EBIT = $532,000, interest expense = $64,000, and net income = $438,000.
Calculate the 2018 taxes reported on the income statement. (Enter your answer in dollars. Round your answer to the nearest dollar amount.)
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