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Do I subtract profit from sales and subtract COGS from profit? 1. Sales revenue earned from the following : a. Sale of products b. COGS

Do I subtract profit from sales and subtract COGS from profit?

1. Sales revenue earned from the following:

a.Sale of products

b.COGS

Income Statement

2017 2016 2015 2014

Sales Revenue $ 78,935 $ 69,248 $ 47,497 $ 53,895

Cost of Goods Sold $ 39,675 $ 33,932 $ 22,799 $ 30,720

Gross profit $ 39,260 $ 35,316 $ 24,698 $ 23,175

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