2. Appleberry Industries reported the following items for the current year: Sales = $5,750,000; Cost of Goods Sold = $2,850,000; Depreciation Expense = $195,000; Taxes = $575,000; Administrative Expenses = $135,000; Interest Expense = $57,500; and Marketing Expenses = $135,000. Appleberry's operating income is equal to 5. K Haggard Retailing has sales of $7,000,000; the firm's cost of goods sold is $3,500,000, and its total operating expenses are $970,000. What is K Haggard Retailing's EBIT