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1 E1-7 (Algo) Preparing an Income Statement and Inferring Missing Values 101-1 Bigco Corp. is one of the nation's leading distributors of food and related

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1 E1-7 (Algo) Preparing an Income Statement and Inferring Missing Values 101-1 Bigco Corp. is one of the nation's leading distributors of food and related products to restaurants, universities, hotels, and other customers. A simplified version of its recent income statement contained the following items (in milions), $ 11,741 359 1,043 16,340 Cost of sales Income taxes Interest expense Net earnings Sales Earnings before income taxes Selling, general, and administration expense Other revenues Total expenses Total revenues 1,402 3,593 15,374 16,776 Prepare an income statement for the year ended June 30, current year. (Enter your answers in millions.) BIGCO CORP Income Statement (in millions) Revenues Total revenues Expenses Accounts payable Accounts receivable Cash and cash equivalents Common stock 1,482 3,593 Earnings before income taxes Selline, general, and administration expense Other revenues Total expenses Total revenues 15,374 16,776 Prepare an income statement for the year ended June 30, current year (Enter your answers in millions.) BIGCO CORP Income Statement (in millions) Revenues Total revenues Expenses: Total expenses Earnings before income taxes Net earnings

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