Staples, Inc., is a leading office products distributor, with retail stores in the United States, Canada, Asia, Europe, and South America. The following financial statement data were adapted from recent financial statements of Staples:

a. Determine the missing data indicated for (1) and (2).
b. Using the income statement data for Year 2, determine the amount of net income orloss.

Year 2 (in thousands) Year 1 (in thousands) $13,911,667 6,967,957 Total assets Total liabilities Total stockholders equity Sales Cost of goods sold Selling and administrative expenses Other expense (net) Income tax expense 13430,622 7,015,151 25,022,192 18,280,364 5,048,492 233,372 475,308