Use the accounts below to prepare an income statement for the year ended December 31, 2021. ($ millions) Cost of goods sold Sales Other operating expenses 268.2 Selling, general and administrative expenses 2,602.0 Income tax expense 261.2 Interest and other nonoperating expenses, net 171.3 $7,139.7 11,406.9
Use the accounts below to prepare an income statement for the year ended December 31, 2021. ($ millions) Cost of goods sold Sales Other operating expenses 268.2 Selling, general and administrative expenses 2,602.0 Income tax expense 261.2 Interest and other nonoperating expenses, net 171.3 $7,139.7 11,406.9
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use the accounts below to prepare an income statement for the year ended December 31, 2021.
($ millions)
Cost of goods sold
Sales
Other operating expenses
Selling, general and administrative expenses
Income tax expense
Interest and other nonoperating expenses, net 171.3
$7,139.7
11,406.9
268.2
2,602.0
261.2
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