General Income Statement Structure

	+ Gross Sales
	-  VAT/Sales Tax
	= Sales Net of VAT/Sales Tax
	-  Sales Commissions
	= Sales Net of Commissions
	- Cost of Goods Sold
	- Other Sales Expenses
	+ Non-Operating Income
	= Gross Profit
	- Operating Expenses
	- Non-Operating Expenses
	= EBITDA
	- Depreciation & Amortization
	= EBIT
	- Interest Payments
	= EBT (pre-tax profit)
	- Income Taxes
	= Net Income/Loss