From the following information for the year 2009, prepare an income statement and a statement of shareholders' equity, under GAAP rules, for a company with shareholders' equity at the beginning of 2009 of $3,270 million. Amounts are in millions.
Sales ..................... $4,458
Common dividends paid ............. 140
Selling expenses ............... 1,230
Research and development costs .......... 450
Cost of goods sold .............. 3,348
Share issues ................. 680
Unrealized gain on securities available for sale ... 76
Income taxes .................. (200)
Also calculate comprehensive income and net payout. Income taxes are negative. How can this be?