6-3: The Income Statement

Problem 6-4 Income statement

Talbot Enterprises recently reported an EBITDA of $8.0 million and net income of $2.8 million. It had $3.12 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.

$____________