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1752 254 The income statement of the GLOBE Corporation for two years, is shown below, use this income statement to calculate gross profis (2020) GLOBAL CONGLOMERATE CORPORATION Income Statement Year Ended December 31 (in 5 million) 2020 Total sales Cost of sales Gross Profit Selling general, and administrative penes 15 Research and development 24 Depreciation and amortization Operating Income Other income Earnings Before Interest and Taxes EBIT Interest income (expense) Pretax Income Tae Net Income Earnings per than Dited earnings per share Global has 2.2 million shoes outstanding 1752 254 The income statement of the GLOBE Corporation for two years, is shown below, use this income statement to calculate gross profis (2020) GLOBAL CONGLOMERATE CORPORATION Income Statement Year Ended December 31 (in 5 million) 2020 Total sales Cost of sales Gross Profit Selling general, and administrative penes 15 Research and development 24 Depreciation and amortization Operating Income Other income Earnings Before Interest and Taxes EBIT Interest income (expense) Pretax Income Tae Net Income Earnings per than Dited earnings per share Global has 2.2 million shoes outstanding