Macy's, Inc. reports the following income statements.

Forecast Macy's fiscal 2014 income statement assuming the following income statement relations ( \(\$\) in millions). All percentages (other than revenue growth, and income tax expense) are based on percent of revenue.

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Consolidated Statement of Operations Fiscal Years Ended (In millions) Net sales..... Cost of sales.. Gross margin Selling, general and administrative expenses Impairments, store closing costs, gain on sale of leases and division consolidation costs... Operating income.. Interest expense.. Premium on early retirement of debt Interest income... Income before income taxes Federal, state and local income tax benefit (expense). Net income.. February 2, 2013 $27,686 (16,538) 11,148 (8,482) (5) 2,661 (425) (137) 3 2,102 (767) $ 1,335 January 28, 2012 $26,405 (15,738) 10,667 (8,281) 25 2,411 (447) - 4 1,968 (712) $ 1,256 January 29, 2011 $25,003 (14,824) 10,179 (8,260) (25) 1,894 (513) (66) 5 1,320 (473) $ 847