The following income statement (in thousands) is from the Securities and Exchange Commission 10-K filing by Amazon.com for the year ending December 31, 2004: Net sales $6,921,124 Cost of sales...

The following income statement (in thousands) is from the Securities and Exchange Commission 10-K filing by Amazon.com for the year ending December 31, 2004: Net sales $6,921,124 Cost of sales 5,319,127 Gross profit $1,601,997 Operating expenses: Fulfillment expenses $590,397 Marketing expenses 158,022 Technology and content expenses 251,195 General and administrative expenses 112,220 Stock-based compensation expense 57,702 Other operating (income) expense (7,964) Total operating expenses 1,161,572 Income from operations before interest and taxes $ 440,425 Included in the preceding income statement is depreciation and amortization expense of $75,724. 1. Compute the EBITDA for 2004. 2. Based upon (1), comment on Amazon.com’s EBITDA.