Coca-Cola Company is preparing its financial statements for 2023. The financial data includes:

Transactions (in $ millions)	Amount
Cash Sales	1,000,000
Credit Sales	500,000
Cash Payments	550,000
Accounts Receivable	170,000
Marketing Expenses	400,000
Estimated Environmental Costs	90,000

Requirements:

• Prepare Coca-Cola Company's income statement for 2023 using the modified cash basis.
• Calculate net income considering the conservatism principle.
• Discuss the impact of estimated environmental costs on financial statements.
• Analyze the treatment of accounts receivable and marketing expenses under the conservatism principle.