VINNY'S OVERHEAD CONSTRUCTION, CORP. Income Statement for Year Ending December 31, 2021 (in millions of dollars) Net sales Less: Cost of goods sold 135.10 Gross profits $ 95.00 Less: Other operating expenses 21.40 Earnings before interest, taxes, depreciation, and amortization (EBITDA) $ 73.60 Less: Depreciation 18.60 Earnings before interest and taxes (EBIT) $ 55.00 Less: Interest Earnings before taxes (EBT) Less: Taxes Net income $ 34.64