2021 $600, ooo Sales Less Cost of 320, ooo Gross profit 280, ooo 190, ooo 30, ooo 60, ooo 20, ooo 40, ooo 14,000 $26, ooo goods sold Less Operating expenses Less Depreciation Operating Income (EBIT) Less Interest expense Earnings Before Taxes (EBT) Less Income tax Earnings After Tax Income) (Net