Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $901,000, Interest expense = $86,500, and Net income = $571,500. What is the 2008 Taxes reported on the income statement?
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Consider the following account balances of Smiths Corp. at the end of the year: Cash $12,000 Unearned Revenue $18,000 Interest Revenue $5,000 Supplies $3,500 Common Stock $25,000 Rent Expense $6,000 Accounts Receivable $11,700 Salaries Expense
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