AT&T Inc. is a global provider of telecommunications, media, and technology services. The fol jowing information was taken from AT&T's Form 10-K for the year ended December 31, 2018. AT&T Inc. Consolidated Statement of Income (in millions) Interest expense, net of capitalized interest Capitalized interest Income before income taxes Net income Consolidated Statement of Cash Flows ($in millions) Cash paid during the year for interest Source AT&T Form 10-K for the year ended December 31, 2018. Years Ended December 31. 493 2017 $ 6,300 2018 2016 $ 7,957 $ 4,910 903 892 24,873 15,139 19.812 $19,953 $29,847 $13.333 2018 2017 2016 $8,818 $6,622 $5,696 C11-2 AT&T Inc.: Analyzing financial statement effects of capitalized interest (LO 11-2)