Income statement information for adidas Group, a German footwear, apparel, and accessories manufacturer, for the year ended December 31, 2011, follows. The company applies IFRS, as adopted by the European Union, and reports its results in millions of Euros. Prepare its calendar year 2011

(1) Multiple- step income statement

(2) Single- step income statement.

Net income . . . . . . . . . . . . . . . . . . . . . . . . . € 670

Financial income . . . . . . . . . . . . . . . . . . . . . 31

Financial expenses . . . . . . . . . . . . . . . . . . . 115

Operating profit . . . . . . . . . . . . . . . . . . . . . 1,011

Cost of sales . . . . . . . . . . . . . . . . . . . . . . . . 7,000

Income taxes . . . . . . . . . . . . . . . . . . . . . . . . 257

Income before taxes . . . . . . . . . . . . . . . . . . 927

Gross profit . . . . . . . . . . . . . . . . . . . . . . . . 6,344

Royalty and commission income . . . . . . . . 93

Other operating income . . . . . . . . . . . . . . . 98

Other operating expenses . . . . . . . . . . . . . 5,524

Net sales . . . . . . . . . . . . . . . . . . . . . . . . . . 13,344