Newco in the month of April had $150,000 in sales, had $80,000 in COGS, spent $15,000 on salaries, spent $10,000 on advertising, had $18,000 in rent, utilities, and insurance, and $15,000 in depreciation and amortization. What was their EBITDA for April? $12,000 $37,000 $27,000 - $42,000