7-55 Detailed Income Statement (Alternate is 7-52.) Sears Holdings Corporation is a major retailer. The company's annual report contained the following actual data, which has been somewhat summarized, for the year ended January 28, 2012 ($ in millions): Net revenues Purchases of inventory Selling and administrative expenses Depreciation and amortization Other operating expenses Interest expense (net) Other income Income taxes $41,567 30,422 10,664 853 585 289 39 1,369 The balance sheets included the following actual data ($ in millions of dollars): January 28 2012 January 29 2011 8,951 Inventories 8,407 Prepare a detailed multiple-step income statement that includes the calculation of Cost of Goods Sold and ends with Net Earnings