Reed's Birdie Shot, Inc.'s 2013 income statement lists the following income and expenses: EBIT = $550,000, interest expense = $43,000, and net income = $300,000. Calculate the 2013 taxes reported on the income statement.

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The Answer of Reed's Birdie Shot, Inc.'s 2013 income statement lists the following income and expenses: EBIT = $550,000, interest expense = $43,000, and net income = $300,000. Calculate the 2013 taxes reported on the income statement.