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Bigco Corporation reported the following amounts on its recent income statement (in millions): Cost of sales Income taxes $ 11,651 389 33 Interest expense
Bigco Corporation reported the following amounts on its recent income statement (in millions): Cost of sales Income taxes $ 11,651 389 33 Interest expense Net earnings Sales Earnings before income taxes Selling, general, and administration expense Other revenues Total expenses (excluding income taxes) Total revenues Revenues Create a properly formatted income statement for Big Corp. Note: Enter your answers in millions (e.g., 500 million should be entered as 500 rather than 500,000,000). BIGCO CORPORATION Income Statement For the Year Ended June 30, Current Year (in millions) Accounts receivable Accounts receivable Accounts receivable Total revenues Expenses Total expenses Eamings before income taxes $ 1,128 16,280 1,517 3,513 434 $ 15,197 16,714 0 0
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