Reed's Birdie Shot, Inc.'s 2011 income statement lists the following income and expenses: EBIT = $550,000, Interest expense = $43,000, and Net income = $300,000. Calculate the 2011 Taxes reported on the income statement.
A) $85,000
B) $107,000
C) $309,000
D) $207,000

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The Answer of Reed's Birdie Shot, Inc.'s 2011 income statement lists the following income and expenses: EBIT = $550,000, Interest expense = $43,000, and Net income = $300,000. Calculate the 2011 Taxes reported on the income statement.
A) $85,000
B) $107,000
C) $309,000
D) $207,000