Talbot Enterprises recently reported sales of $10 million and operating costs (excluding depreciation and amortization) were 20% of revenues. Net income was $4.59 million. It had $2.0 million in long-term debt carrying an interest of 7%, and its corporate tax rate was 21%. What was its charge for depreciation and amortization? Show all your work, you must write out a barebones outline of the IS to get full credit.