13 17,731 10.511 2.591 36.557 Marketing 11,660 The following information, based on the 12/31/18 Annual Report to Shareholders of Krafty Foods ($ in millions): Accounts payable 2,097 Accounts receivable (net) 3,331 Accrued liabilities and taxes 4,305 Cash and cash equivalents 182 2.85/5 cost of sales points awarded Current payables to parent and affiliates 1,852 Current portion of long-term debt 560 360 Scored Deferred income taxes and other liabilities Retained earn earnings as of 12/31/18 Goodwill and other intangible assets (net) 1.765 Interest and other debt expense, net 1,63 1.637 Inventories 2226 3,226 8,334 5,200 general and administration expenses Operatina Operating revenues 707 Other current ass 707 Other noncurrent assets 3,926 Other stockholders' equity (2,768) Paid-in capital for common and preferred stock 23,855 Property, plant and equipment (net) 9,309 Short-term borrowings Income tax expense Tong-term debt Long-term 34,875 701 Required: Based on the information presented above, prepare the Income Statement for Krafty Foods for the year ended December 31, 2018. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) KRAFTY FOODS Income Statement For the Year Ended December 31, 2018 ($ in millions) Operating revenues S Cost of goods sold X Gross profit Salaries expense Marketing, general and administration expenses Operating income 34,875 17,731 17,144 >> 17,144