What is EBIT?

Linda's Lights balance sheet info for the beginning of 2020: Owners' Equity 27 million Bank Loan 10 million, 4.5% interest rate Fixed Assets 10 million Inventory 23 million Cash 4 million Here are info for 2020: Purchased 220 thousand lamps for $100 each, sold them for $125 each Incurred additional operating costs of $2 million Purchased 5 trucks for $100,000 each Profits tax 15% No depreciation allowance Dividend payout ratio 30%