Income statement OBJ. 2 FedEx Corporation had the following revenue and expense account balances (in millions)

for a recent year ending May 31:

Depreciation Expense $2,113 Purchased Transportation $ 6,335 Fuel Expense 4,956 Rentals and Landing Fees 2,487 Maintenance and Repairs Expense 1,980 Revenues 42,680 Other Expense (Income) Net 5,569 Salaries and Employee Benefits 16,099 Provision for Income Taxes 1,109

a. Prepare an income statement.

b. Compare your income statement with the income statement that is available at the FedEx Corporation Web site, (http://investors.fedex.com). Click on Annual Report and Download Annual Report. What similarities and differences do you see?