FedEx Corporation had the following revenue and expense account balances (in millions) at its fiscal year-end of May 31, 2002:

a. Prepare an income statement.
b. Compare your income statement with the 2002 income statement that is available at the FedEx Corporation Web site, which is linked to the text’s Web site at warren.swlearning.com. What similarities and differences do yousee?

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Rentals and Landing Fees Maintenance and Repairs Purchased Transportation Fuel Salaries and Employee Benefits Other Operating Expenses $1,524 Depreciation and Amortization S 806 56 15,327 260 52 980 562 1,009 6,467 3,168 Interest Expense Revenues Provision for Income Taxes Other Expenses