Question: NOTE: Please include all steps to calculate final answers! 6. Friends' Inc. reported EBITDA of $2.77 million and $875,000 of net income last year. Friends'

NOTE: Please include all steps to calculate final answers! 6. Friends'

NOTE: Please include all steps to calculate final answers!

6. Friends' Inc. reported EBITDA of $2.77 million and $875,000 of net income last year. Friends' Inc. had $925,000 in interest expense and its corporate tax rate was 25%. What was Friends' Inc. depreciation and amortization expense last year? Round to the nearest dollar amount

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