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Income Statement Talbot Enterprises recently reported an EBITDA of $7.0 million and net income of $1.75...

Income Statement Talbot Enterprises recently reported an EBITDA of $7.0 million and net income of $1.75 million. It had $2.8 million of interest expense, and its corporate tax rate was 30%. What was its charge for depreciation and amortization? Enter your answer in dollars. For example, an answer of $1.2 million should be entered as 1,200,000. Round your answer to the nearest dollar.

WORKED AS

EBITDA - D&A = EBIT

EBIT - INTEREST = EBT

EBT - TAX = NET INCOME

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