12/31/2022 12/31/2021 12/31/2020 M Co. Selected Income Statement data Fiscal year end (amounts in million of dollars) Net sales Cost of Goods Sold Gross profit $4,685 (2.594) 2,091 $4,688 (2.539) 2,149 $4,565 (2.572) 1,993 (1.117) (10) (10) (1,347) (0) (140) (66) (11) (155) (1,390) (0) (140) (76) (8) (153) (13) (114) Selling and Administrative (S&A) Expenses Impairment losses-Property Plant and Equip Marketing Costs R&D Non-operating income/expense Interest expense Income from Continuing Operations before Income Taxes Provision for income taxes Income from Continuing Operations Gain (Loss) from Discontinued Oper., net of tax Net Income (Loss) sessg 49:42 2 (136) 430 (119) 310 225 (55) 170 (601) (9420) $310 Selected Balance Sheet Data Accounts Receivable Inventory Property, Plant and Equip, net 525 650 4,535 555 625 4,675 3,856 Selected Cash Flow Information Cash From Operations 45 83 91 1.. Can you identify any red flags concerning the company's reporting quality for 2022? 2. What is 2022 core income (Round all answers to millions)? $ 837 Amount Reasoning c. . Net income Adi: Item a. b. C. d. d TOTAL Adjustment Core Income ........... 12/31/2022 12/31/2021 12/31/2020 M Co. Selected Income Statement data Fiscal year end (amounts in million of dollars) Net sales Cost of Goods Sold Gross profit $4,685 (2.594) 2,091 $4,688 (2.539) 2,149 $4,565 (2.572) 1,993 (1.117) (10) (10) (1,347) (0) (140) (66) (11) (155) (1,390) (0) (140) (76) (8) (153) (13) (114) Selling and Administrative (S&A) Expenses Impairment losses-Property Plant and Equip Marketing Costs R&D Non-operating income/expense Interest expense Income from Continuing Operations before Income Taxes Provision for income taxes Income from Continuing Operations Gain (Loss) from Discontinued Oper., net of tax Net Income (Loss) sessg 49:42 2 (136) 430 (119) 310 225 (55) 170 (601) (9420) $310 Selected Balance Sheet Data Accounts Receivable Inventory Property, Plant and Equip, net 525 650 4,535 555 625 4,675 3,856 Selected Cash Flow Information Cash From Operations 45 83 91 1.. Can you identify any red flags concerning the company's reporting quality for 2022? 2. What is 2022 core income (Round all answers to millions)? $ 837 Amount Reasoning c. . Net income Adi: Item a. b. C. d. d TOTAL Adjustment Core Income